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privatization. In DICTIOUS you will not only get to know all the dictionary meanings for the word
privatization, but we will also tell you about its etymology, its characteristics and you will know how to say
privatization in singular and plural. Everything you need to know about the word
privatization you have here. The definition of the word
privatization will help you to be more precise and correct when speaking or writing your texts. Knowing the definition of
privatization, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Etymology
Coined by Sidney Merlin in 1943, who was aware of the term reprivatization, already attested at the time.
Noun
privatization (countable and uncountable, plural privatizations)
- The transfer of a company or organization from government to private ownership and control.
1943, Sidney Merlin, “Trends in German Economic Control Since 1933”, in Quarterly Journal of Economics, page 207:The party, moreover, facilitates the accumulation of private fortunes and industrial empires by its foremost members and collaborators through ‘privatization’ and other measures, thereby intensifying centralization of economic affairs and government in an increasingly narrow group that may for all practical purposes be termed the national socialist elite.
- (uncommon) The rendering of a thought or an idea, as private in scope.
Antonyms
Derived terms
Translations
transfer from the government to private ownership