privatization.

The transfer of an enterprise or service from public ownership or control to private ownership or operation.

Use it for

Words that belong together

• utility privatization
• privatization program

On the page

The privatization program included the national rail operator.

Usage notes

Primary category: economics / business / social science. Forms: Usually uncountable; no ordinary plural in this sense. Legacy lexical fields mirror sense 1 only. Use numbered sense fields for all meanings. Established modern English lexical item. No separate regional spelling or grammatical inflection entry. Writing functions: analysis, evaluation, social science. Commonness: moderately common.