C1nounUK spelling: privatisationformalpoliticsbusiness
US/ˌpraɪ.və.təˈzeɪ.ʃən/
UK/ˌpraɪ.və.taɪˈzeɪ.ʃən/
the process of selling a government-owned company or service to private owners
In context
The privatization of the railway led to higher ticket prices in the first year.
Many economists support the privatization of state-owned airlines.
Critics argue that privatization of water supply harms poorer families.
Words that go with privatization
noun + preposition
- privatization ofThe privatization of the postal service was debated for years.
- wave of privatizationA wave of privatization swept through the region in the 1990s.
- plans for privatizationThe plans for privatization were announced last week.
adjective + noun
- full privatizationThe government ruled out full privatization of the hospitals.
verb + noun
- support privatizationThe party supports privatization in most sectors.
- oppose privatizationUnions strongly oppose privatization of public transport.
Common mistakes
Incorrect:
the privatization from the bankCorrect: the privatization of the bank