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privatization

privatization

61 6.7
Selling a public company or service to private owners
  • noun
  • /ˌpraɪvəˈtaɪzeɪʃən/
  • US
translation icon : privatización
  • The Polish privatization experience shows that although speedy privatization is possible, it is often politically unsustainable.
  • privatization of state enterprises
  • full privatization
  • privatization policies

The privatization issue became significant several decades ago.

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Examples

  • During the 1980s, the United States cheered democracy and privatization, but did little more than that.

    Academic text (1991)
  • In Poland, after six months of debate, the Parliament passed a privatization law in July 1990.

    Academic text (1991)
  • Voting rights would attach to state shares only after privatization through sale or free distribution.

    Academic text (1991)
  • In addition, the pace and method of privatization may affect each goal differently.

    Academic text (1991)
  • All of these complexities mean that the process of privatization will be slow.

    Academic text (1991)
  • The overarching goal of this proposal is to complete the privatization process in five years.

    Academic text (1991)
  • Other state corporations, especially those preparing for privatization, are laying off thousands.

    Academic text (1991)
  • Despite the existence of concrete legislative proposals, the government's privatization policy is still in flux.

    Academic text (1991)
  • In Hungary, public support for privatization has been shaken by several scandals.

    Academic text (1991)
  • The overarching goal of this proposal is to complete the privatization process in five years.

Synonyms

denationalization
vsprivatization
  • Specialized
8.7

A process in which the government sells a business or service to private owners

is the same process named with public sector rather than government wording

Antonyms

Property owned by the government that people can use

nationalization
  • Specialized
9 7.0

Taking a business or industry into government ownership

How Privatized

privatization
  • US
61 6.7
mixed economy
  • Specialized
2 4.1

Surface Forms

privatization singular
privatisation singular

Morphology

privatization = privatize (transparent) = private + ize + ation

The noun is formed by adding the productive nominalizing suffix '-ation' to the verb 'privatize', yielding a clear 'process/result' meaning.

Etymology

Privatization comes from private, which originally meant 'not public' or 'set apart'. So, privatization means making something 'not public'—moving a service or business from the government to private people or companies.