privatization

C1 Topic:Business & Commerce
US /ˌpɹaɪvətaɪˈzeɪʃən/ UK /ˌpɹaɪvɪtaɪˈzeɪʃ(ə)n/
noun Freq #43166

Meanings

  1. 1
    noun

    The transfer of a company or service from government to private ownership.

    The privatization of the railways was a controversial political decision.

Thesaurus

Synonyms
1 noun · the transfer of a company... denationalization
Opposites
Word family
Forms privatizations
Derived forms antiprivatizationdeprivatizationself-privatization
Related forms privatize

Etymology

Calque of German Privatisierung (with English -ation), derived from Latin prīvātus (“apart from the state; private”), with reference to post-First World War German economic principles. Popularized by Sidney Merlin in 1943, who was aware of the term reprivatization (used in similar contexts), already attested at the time.

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Topics

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