Meaning of the word privatization in English
What does privatization mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
privatization
US /ˌpraɪ.və.t̬əˈzeɪ.ʃən/
UK /ˌpraɪ.və.t̬əˈzeɪ.ʃən/
Noun
1.
the transfer of a business, industry, or service from public to private ownership and control
Example:
•
The government announced the privatization of the national airline.
•
Many argue that privatization can lead to improved efficiency.
Synonym:
Synonym:
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