Denationalization (Noun)
Meaning
Changing something from state to private ownership or control.
Classification
Nouns denoting acts or actions.
Examples
- The government's decision to implement denationalization led to the sale of several state-owned companies to private investors.
- The denationalization of the energy sector resulted in increased competition and lower prices for consumers.
- Critics argued that the denationalization of the healthcare system would lead to unequal access to medical services for low-income families.
- The denationalization of the airline industry allowed for more efficient management and better customer service.
- The process of denationalization was met with resistance from workers who feared job losses and reduced benefits.