Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “privatization”

privatization

noun [C or U] (UK also privatisation)
 
 
/ˌpraɪvɪtaɪˈzeɪʃən/ US   /ˌpraɪvɪtəˈzeɪʃən/
ECONOMICS, GOVERNMENT the process of selling companies or organizations that are owned by the government to private investors: Widespread demonstrations have taken place over the increasing privatization of public resources. privatization programmes/processes/plans
→ Compare nationalization
(Definition of privatization from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of privatization?
Add Cambridge dictionaries to your browser to your website

Word of the Day

beer mat

a small piece of cardboard that you put under a glass to protect a table surface in a pub or bar

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More