Looking for the meaning of the word PRIVATIZATION in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of PRIVATIZATION with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Privatization
Speech Type: Noun
Audio Pronunciation:
Phonetic Spelling:
ˌprʌɪvɪtʌɪˈzeɪʃn
Dialects: British English
Definition:
the transfer of a business, industry, or service from public to private ownership and control
Short Definition:transfer of business, industry, or service from public to private ownership
Examples:- the workers are opposing the privatization of the national rail company
- they are pushing ahead with plans for a new round of privatizations
- the government's privatization plans
Variant Forms:
- privatisation
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