privatization
noun/ˌpraɪvətaɪˈzeɪʃn/
/ˌpraɪvətəˈzeɪʃn/
(British English also privatisation)
[uncountable]- the act of selling a business or an industry so that it is no longer owned by the government
- There were fears that privatization would lead to job losses.
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privatization