privatization
C1UK /ˌpraɪvətaɪˈzeɪʃn/US /ˌpraɪvətəˈzeɪʃn/
Meaning
noun
the act of selling a business or an industry so that it is no longer owned by the government
“There were fears that privatization would lead to job losses.”
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There were fears that privatization would lead to job losses.
privatization·
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