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(pri-va-ti-za-tion) 5 syllables

Definition

noun. the process of transferring ownership from the public sector to private individuals or organizations.

Example Sentence

We are learning about the privatization of the Internet.

More Example Sentences

Privatization can improve efficiency and service quality.

Synonyms

divestiture; deregulation; commercialization

Antonyms

nationalization; public ownership; state control

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privatization
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