privatisation
privatisation — noun
- privatisationsingular
- privatisationsplural
1. when a government sells a business, industry, or service that it formerly owned
when a government sells a business, industry, or service that it formerly owned and managed, so that the business is then run by private companies or individuals for profit
The privatisation of British Rail in the 1990s caused fierce debate among passengers.
collocation: privatisation of [proper noun]
Lakshmi's report examined the privatisation of public hospitals in her home country.
collocation: privatisation of [entity] in [location]
The privatisation of the state-owned steel mill cost three hundred workers their jobs.
Isabela thinks the privatisation of the national airline was a mistake.
Critics say the government's privatisation plan will raise prices for ordinary families.
- sell-off
more informal and usually refers to selling shares or assets, not necessarily whole state-owned industries
- deregulation
different focus — removing government rules rather than changing ownership
- nationalisation
the opposite process: when a government takes a private business into state ownership
文法句型
privatisation of [industry/company/service]
用法筆記
Uncountable noun — do not say 'a privatisation'. Frequently used with an of-phrase specifying the entity being sold (privatisation of the postal service). The American English spelling is 'privatization'.