1. the process of converting a government agency, public service, or non-profit organization into a corporation or corporate structure, typically to improve efficiency or enable profit-making operations
Usage: often used in policy and business contexts; can be neutral or critical depending on perspective

Examples

• The corporatization of the postal service has been debated by lawmakers for years.
• Many countries have pursued the corporatization of state-owned utilities to reduce government spending.
• Critics argue that the corporatization of healthcare has made medical services less accessible to low-income families.
• The university's corporatization led to increased tuition fees and a focus on revenue generation.
• Supporters of corporatization believe it brings better management and innovation to public institutions.
• The corporatization of public transportation in the city resulted in higher fares but improved service quality.