From Longman Dictionary of Contemporary Englishprivatizationpri‧vat‧i‧za‧tion (also privatisation British English) /ˌpraɪvətaɪˈzeɪʃən $ -tə-/ noun [countable, uncountable] BBPEthe act of privatizing something OPP nationalization
Examples from the Corpus
privatization• The Industry Ministry was scheduled for abolition, to be replaced by a State Committee directed towards drafting industrial strategy and privatization.• But just as obviously, privatization is not the solution.• The market quickly comes to be seen as unfair, and political support for official privatization falls.• Ownership is obviously central to the disposal of state property - privatization - in the move to a market economy.• Their plan, they argue, would not have the inherent risks of the more radical privatization plans.• Their privatization programs slipped badly last year, and both governments desperately need cash.From Longman Business Dictionaryprivatizationpri‧vat‧i‧za‧tion /ˌpraɪvətaɪˈzeɪʃən-tə-/ (also privatisation British English) noun [uncountable]ECONOMICS the act selling a company or activity controlled by the government to private investorsThe Labour party was opposed to the privatisation of water and electricity. → compare nationalization 