Noun: privatization ,prI-vu-tu'zey-shun [N. Amer], ,prI-vu-tI'zey-shun [Brit]
- Changing something from state to private ownership or control
"The privatization of the railway system was a controversial decision";
- denationalization, denationalisation [Brit], privatisation [Brit]
Derived forms: privatizations
Type of: social control
Encyclopedia: Privatization