privatization

Meaning

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

The transfer of ownership of an organization or property from government to private sector.

The transfer of ownership from government to private sector.

Example Sentences

The privatization of state-owned companies increased efficiency.

The privatization of industries has led to increased efficiency.

The government initiated privatization of the energy sector.

Synonyms

commercialization, private ownership, de-nationalization, Private Ownership, Commercialization, Deregulation, Free Market Reform, Corporate Takeover

Entry 1

commercialization, private ownership, de-nationalization

Entry 2

Private Ownership, Commercialization, Deregulation

Entry 3

Deregulation, Free Market Reform, Corporate Takeover

Antonyms

nationalization, public ownership, socialization, Nationalization, Public Ownership, State Control, State Ownership, Socialization

Entry 1

nationalization, public ownership, socialization

Entry 2

Nationalization, Public Ownership, State Control

Entry 3

Nationalization, State Ownership, Socialization