Want to say privatization differently? Here are other words for privatization and its similar synonyms and opposite words to say in unique way.
Meaning of privatization
The primary meaning of "privatization" refers to the process of transferring ownership or control of a business, organization, or industry from the public sector to the private sector.
Etymology of privatization
The word "privatization" originated in the 1970s, derived from the words "private" and the suffix "-ization," which forms a noun indicating a process or action.
The concept of privatization has its roots in the economic theories of Adam Smith and the idea of laissez-faire economics, which advocate for minimal government intervention in economic matters.
Synonyms
deregulation
denationalization
commercialization
marketization
outsourcing
liberalization
decentralization
divestment
divestiture
disinvestment
nationalization
commodification
corporatization
externalization
concession
franchising
licensing
contracting
subcontracting
privatizing
acquisition
takeover
buyout
merger
consolidation
restructuring
reorganization
reform
transformation
Definitions
- The act of changing something, especially a business or industry, from being owned or controlled by the government to being owned or controlled by private individuals or companies.
- * The transfer of ownership or control of a business, organization, or industry from the public sector to the private sector, often involving the sale of state-owned assets to private companies.
Usage Examples
- The government's decision to privatize the state-owned railway company led to significant job losses and increased fares for passengers.
- * The privatization of healthcare services has been a contentious issue in many countries, with proponents arguing that it improves efficiency and opponents arguing that it reduces access to care for low-income individuals.
Antonyms
nationalization
socialization
collectivization
municipalization
government control
public ownership
state control
regulation
centralization
bureaucratization
monopolization
cartelization
protectionism
interventionism
dirigisme
socialism
communism
statism
publicization
communalization