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VORADictionaryC1Privatization
CEFR C1 — Advanced

Privatization

Definition

(formal) The process of transferring ownership or control of a business, industry, or public service from the government to private individuals or companies.

Example Sentences

1The privatization of the national railway network sparked intense political debate about service quality and ticket prices.
2Did the privatization of the telecommunications sector lead to greater innovation and lower costs for consumers?
3Critics argue that the privatization of water utilities has not resulted in the promised infrastructure improvements.
4Examine the long-term economic effects of privatization on employment levels in former state-owned enterprises.
5There is a growing body of research comparing the efficiency of public administration with that of post-privatization management.

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