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privatization

/ˈpraɪvətəˌzeɪʃən/ /ˌpraɪvətaɪˈzeɪʃən/
noun
GeneralBusiness
  1. 1 özelleştirme countable

Definition (English)

The transfer of a company or organization from government to private ownership and control.

Example Sentences

  1. Privatization of healthcare services may exclude vulnerable people.
    Sağlık hizmetlerinin özelleştirilmesi savunmasız insanları dışlayabilir.
  2. The government plans the privatization of state-owned industries.
    Hükümet, devlete ait sanayilerin özelleştirilmesini planlıyor.

Synonyms

denationalizationdivestmentsaletransferdisposalcommercializationliberalization

Antonyms

nationalizationsocializationpublic ownershipstate controlgovernment ownership

Collocations

privatization processprivatization programprivatization policyprivatization of industryprivatization of servicesprivatization efforts