privatization
/ˌpraɪvətaɪˈzeɪʃn/noun
उच्चारण प्राइवटाइज़ेशन
निजीकरण
Core word
noun
- 1
[U]
the act of selling a business or an industry so that it is no longer owned by the government
निजीकरण
- privatization of PSUs
- Unions protested against the privatization of the airline.
- The privatization of the bank led to protests.
+ 2 more examples
- Experts disagree on whether privatization improves services.
- The government announced the privatization of two loss-making firms.
Synonyms denationalization disinvestment selling off
Opposite nationalization
◇Word family
privatize verb