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Definitions from the Web

Privatisation

Definition

Noun: Privatisation refers to the process of transferring ownership or control of a public or government-owned enterprise to private ownership.

Senses

1. General Sense: The act of converting a state-owned organization into a privately owned entity.
2. Economic Sense: The policy or practice of shifting state-controlled industries or services into private ownership.

Examples

Noun - General Sense:

1. The privatisation of the telecommunications company proved to be beneficial for both the government and private investors.

2. Many people believe that privatisation leads to greater efficiency in the management and operations of organizations.

Noun - Economic Sense:

1. The government introduced privatisation measures to promote competition and stimulate economic growth.

2. Critics argue that privatisation can result in job losses and reduced access to certain services for the general public.

Related Products

• Books on Privatisation
• Privatisation in Economic Policy