privatization

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Definitions from the Web

Privatization

Definition:

The act of transferring ownership or control of a business, organization, or industry from the public sector to the private sector.

Part of Speech:

Noun

Senses:

Sense 1:

The process of converting government-owned assets or services into privately-owned entities.

Example Sentence:

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

Sense 2:

The transfer of public responsibilities, such as healthcare or education, to private companies or organizations.

Example Sentence:

Some argue that the privatization of healthcare can lead to unequal access to quality services.

Usage:

Usage 1 (Popular):

Privatization has become a hot topic in political discussions worldwide.

Usage 2 (Local):

In our city, there is ongoing debate about the privatization of public transportation.