privatization

/ˌpraɪvətaɪˈzeɪʃn/

noun

prywatyzacja

/prɨvatɨˈzat͡sja/· rzeczownik

Definition

the act of selling a business or an industry so that it is no longer owned by the government

Examples

There were fears that privatization would lead to job losses.

Obawiano się, że prywatyzacja doprowadzi do utraty miejsc pracy.

Synonyms

denationalization deregulation divestiture

Collocations

mass privatizationprivatization processprivatization program

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