Vocabulary Entry

privatisation

|noun • verb

noun

The process of transferring ownership of a business, enterprise, or public service from the public sector to private individuals or organizations.

Example Sentences

"The privatisation of the telecommunications industry led to improved services."

"Some argue that privatisation can improve efficiency and reduce costs."

"The government announced the privatisation of several state-owned utilities."

verb

Example Sentences

"The city plans to privatise its waste management services next year."

"Many believe that the government should not privatise essential services."

"They decided to privatise the airport, hoping to attract more investment."