privatization
noun [ U or C ] (UK usually privatisation) uk/ˌpraɪ.və.taɪˈzeɪ.ʃən/ us/ˌpraɪ.və.t̬əˈzeɪ.ʃən/
私有化
the act of selling an industry, company or service that was owned and controlled by the government, so it becomes privately owned and controlled
The last few years have seen the privatization of many industries previously owned by the state. 在过去几年中，许多以前国有的行业都实行了私有化。
They promised there would not be any further privatizations until after the elections. 他们承诺在选举之前不会有任何进一步的私有化举措。
See: privatize
- More examples
- The unions oppose the government over the issue of privatization.
- Only some of these privatizations have been a success.
- An early example of privatization was the enclosure of public land for private use by wealthy landlords.