Vocabulary Entry

privatization

|noun • verb

noun

The process of transferring ownership of a public service or public asset to a private entity.

Example Sentences

"The privatization of the utility company led to lower prices for consumers."

"Many argue that the privatization of education could reduce government spending."

"The government's focus on privatization has sparked debates about public versus private interests."

verb

Example Sentences

"The city plans to privatize its transportation services next year."

"They decided to privatize the state-owned oil company to increase efficiency."

"Several countries have chosen to privatize their national airlines."