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

debut

the occasion when someone performs or presents something to the public for the first time

Word of the Day

Come on – you can do it! Phrasal verbs with ‘come’.

by Liz Walter​,
November 19, 2014
As part of an occasional series on the tricky subject of phrasal verbs, this blog looks at ones formed with the verb ‘come’. If you are reading this blog, I’m sure you already know come from, as it is one of the first things you learn in class: I come from Scotland/Spain.

Read More 

silver splicer noun

November 17, 2014
informal a person who marries in later life Newly retired and now newlywed – rise of the ‘silver splicers’ Reaching pension age becomes a trigger to tie the knot as baby-boomers begin to redefine retirement

Read More