privatization
US /ˌpraɪ.və.t̬əˈzeɪ.ʃən/
UK /ˌpraɪ.və.t̬əˈzeɪ.ʃən/
1.
私有化
the transfer of a business, industry, or service from public to private ownership and control
:
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The government announced the privatization of the national airline.
政府宣布了国家航空公司的私有化。
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Many argue that privatization can lead to improved efficiency.
许多人认为私有化可以提高效率。