Privatization (Noun)
Meaning
Changing something from state to private ownership or control.
Classification
Nouns denoting acts or actions.
Examples
- The government's decision to sell the state-owned electricity company to a private firm sparked controversy over the risks of privatization.
- After years of debate, the city finally agreed to the privatization of its public transportation system.
- Opponents of the policy argued that privatization would lead to higher prices and reduced access to essential services for low-income households.
- The privatization of the national rail network was seen as a key step in the country's transition to a market-based economy.
- Critics warned that the privatization of the state's water supply would threaten the public health and safety of rural communities.