Synonyms for

Privatization

Verb / ˈpraɪvʌtʌˈzeɪʃʌn / Another word for privatization — explore alternatives below. For syllable breakdowns and pronunciation, see this word on Syllablesworld.

Definition

Privatization is the process of transferring ownership of a business, enterprise, agency, or public service from the government to the private sector.

Synonyms & similar words

nationalization denationalization denationalisation privatisation commercialization deregulation outsourcing denationalization disinvestment deprivatization liberalization monetization corporatization marketization restructuring divestment privatizing sequestration transformation transference transmission conveyance handover takeover

Synonyms by register

Formal

transfer of ownership denationalization divestment sale of public assets

Informal

selling off going private handing over to business

Antonyms

nationalization socialization collectivization public ownership state control government takeover

Common collocations

  • privatization of services
  • privatization of state-owned enterprises
  • privatization process
  • privatization debate
  • privatization of healthcare
  • privatization of education
  • privatization efforts

Word family

noun privatization
verb privatize
adjective private

Usage note

Privatization refers to the transfer of ownership, property, or business from the government to the private sector. Its antonym, nationalization, is the transfer from private to public control.

Example sentences

  1. The privatization of the airport led to increased efficiency and lower costs.
  2. Many people are concerned about the privatization of healthcare.
  3. The government is considering privatization of the postal service.
  4. Privatization of the energy industry is a controversial topic.
  5. The privatization of public schools has been a hotly debated issue.

Quotes

  • Privatization may be the rage, but it is not inevitable or irreversible.
  • The privatization of the state is a natural symptom of the economic and social crisis.
  • The privatization of the welfare state is the most important political development of the last century.

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