Privatisation (Noun)
Meaning
Changing something from state to private ownership or control.
Classification
Nouns denoting acts or actions.
Examples
- The government announced its plan for the privatisation of the state-owned telecommunications company.
- Opponents of privatisation argue that it will lead to increased prices for essential services.
- The railway network has undergone significant changes since its privatisation in the 1990s.
- Many public hospitals face the threat of privatisation as funding for the public health system continues to decline.
- Critics argue that the privatisation of prisons will prioritise profit over rehabilitation and public safety.