privatization
Translation
privatisation
Examples
The privatization of the rail system was controversial.
The privatisation of the rail system was controversial.
Grammar Patterns
((the privatization of sth.)) the privatization of (sth.) The privatization of the company is complete.
Similar Words
Synonyms: denationalization; Antonyms: nationalization
Etymology
From 'privatize' plus '-ation', a noun-forming suffix indicating a process or action. 'Privatize' comes from 'private'.
Memory Tips
The process of making something 'private' that was once public (like a government-owned company).