privatization

US /ˌpraɪ.və.t̬əˈzeɪ.ʃən/
UK /ˌpraɪ.və.t̬əˈzeɪ.ʃən/
"privatization" picture
1.

私有化

the transfer of a business, industry, or service from public to private ownership and control

:
The government announced the privatization of the national airline.
政府宣布了国家航空公司的私有化
Many argue that privatization can lead to improved efficiency.
许多人认为私有化可以提高效率。