privatization

Frequency: Very High

Translation

n. the process of transferring state-owned enterprises into private ownership.

Phrases & Collocations

privatization policy

promote privatization

oppose privatization

Example Sentences

The government announced the privatization of several state-owned enterprises.

Privatization of public services can lead to increased efficiency.

Many countries have embraced privatization as a way to stimulate economic growth.

Critics argue that privatization can lead to inequality and decreased access to essential services.

The privatization of healthcare has been a controversial topic in many countries.

Privatization of prisons has raised concerns about profit motives influencing incarceration rates.

The company underwent privatization in an effort to become more competitive in the market.

Privatization can sometimes result in job losses as companies restructure.

The privatization of the telecommunications industry led to increased competition and innovation.

Privatization policies have been implemented to reduce government spending and debt.

Real-world Examples

Already, the group had worked to combat school privatization in the city.

Source: Time

The government is threatening to reverse a number of privatizations.

Source: The Economist - Comprehensive

Success in agriculture and more open trade led to the privatization of other state-owned enterprises.

Source: Popular Science Essays

There are also some within the Saudi government, that doubt the logic behind privatization.

Source: CNBC Global Economic Analysis

But the new Kim also took a much more tolerant stance toward the unofficial privatization.

Source: World Atlas of Wonders

Around 2009, the DPRK made one last serious attempt to curtail privatization of the economy.

Source: World Atlas of Wonders

But Greek lawmakers have yet to ratify the terms-which include more spending cuts, tax hikes and the privatization of government assets.

Source: VOA Standard July 2015 Collection

The government still controlled much of the economy, but they  were beginning to experiment with privatization.

Source: Charming history

By the 1990s, he had forced many of his opponents into retirement, which paved the way for even bolder reforms, such as large-scale privatization of state-owned enterprises.

Source: Listening Digest

Parliament in Cyprus has narrowly rejected a privatization plan that was a condition for the country getting its next installment of international bailout loans in effect forcing a renegotiation.

Source: BBC Listening Compilation March 2014

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