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privatization

noun
 
🔊/ˌpraɪvətaɪˈzeɪʃn/
🔊/ˌpraɪvətəˈzeɪʃn/
(British English also privatisation)
[uncountable]
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  1. the act of selling a business or an industry so that it is no longer owned by the government使私有化；将…私营化
    • There were fears that privatization would lead to job losses.人们担心私有化会导致失业。🔊🔊
    Topics Moneyc1