noun
- plural of privatization; the process of transferring ownership or control of a public or state-owned enterprise, asset, or service to private individuals or companies
Usage: countable noun; commonly used in economics and political discourse
Examples
- The government announced several privatizations of state-owned utilities.
- Privatizations of healthcare services have been controversial in many countries.
- Economic reforms included the privatizations of major industries.
- Critics argue that privatizations often lead to higher costs for consumers.
- The privatizations of public transportation systems varied in success across different cities.
- Many developing nations pursued privatizations as part of structural adjustment programs.