OXFORD 9000
📚 noun • entry_id 30531

privatization

/ˌpɹaɪvɪtaɪˈzeɪʃ(ə)n/
Meanings (ES + gloss)
privatización
The transfer of a company or organization from government to private ownership and control.
Coordinate term: denationalization
The party, moreover, facilitates the accumulation of private fortunes and industrial empires by its foremost members and collaborators through ‘privatization’ and other measures, t…