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Noun: privatisation  ,prI-vu-tI'zey-shun
Usage: Brit (N. Amer: privatization)
  1. Changing something from state to private ownership or control
    "The privatisation of the railway system was a controversial decision";
    - denationalization, denationalisation [Brit], privatization

Derived forms: privatisations

Type of: social control

Encyclopedia: Privatisation