privatization

American  

[prahy-vuh-tuh-zay-shuhn] / ˈpraɪ və təˈzeɪ ʃən /

noun

1. the process or practice of selling something owned by the government, typically a public service such as a railway or energy network, to a private company.

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Example Sentences

That would avoid the market disruption of full privatization, they said.

From Barron's

That would avoid the market disruption of full privatization, they said.

From Barron's

The whole experience got me thinking about rental culture and privatization.

From Salon

The government killed the proposal for privatization and adopted the proposal of raising the consumption tax instead.

From Salon

“I think the past two years gave our town a taste of what potential privatization of the Postal Service could mean for other underserved and rural places throughout the country,” he said.

From Los Angeles Times