privatisation

/ˌpraɪvətɪˈzeɪʃən/ /ˌpɹaɪvətaɪˈzeɪʃən/

Meanings

noun

The transfer of a company or organization from government to private ownership and control.

Examples :

"The privatisation of the national train company led to increased fares for passengers. "

Related Words

passengers noun

/ˈpæsənd͡ʒəz/ /ˈpæsənd͡ʒɚz/

One who rides or travels in a vehicle, but who does not operate it and is not a member of the crew.

"Somebody in a team who does not do their fair share of the work."

train noun

/tɹeɪn/

Elongated portion.

"The train of the child's toy rocket was very long. "

increased verb

/ɪnˈkɹiːst/

(of a quantity, etc.) To become larger or greater.

"His rage only increased when I told him of the lost money."

government noun

/ˈɡʌvə(n)mənt/ /ˈɡʌvɚ(n)mənt/

The body with the power to make and/or enforce laws to control a country, land area, people or organization.

"The government decided to raise taxes to fund new schools. "

organization noun

/ˌɔɹɡənaɪˈzeɪʃən/ /ˌɔːɡənaɪˈzeɪʃən/ /ˌɔɹɡənɪˈzeɪʃən/

The quality of being organized.

"This painting shows little organization at first glance, but little by little the structure becomes clear."

control noun

/kənˈtɹəʊl/ /kənˈt(ʃ)ɹoʊl/

Influence or authority over something.

"The government has complete control over the situation."

company noun

/ˈkʌmp(ə)ni/ /ˈkʌmpəni/

A team; a group of people who work together professionally.

"The school's student council is a company of dedicated students who organize events. "

fares noun

/feərz/ /ferz/

A going; journey; travel; voyage; course; passage.

"The fares of the passengers crossing the ocean were not low. "

national noun

/ˈnæʃ(ə)nəl/

A subject of a nation.

"The diplomats were advised not to interact with any foreign nationals except on official duty."

ownership noun

/ˈoʊnərʃɪp/ /ˈoʊnərˌʃɪp/

The state of having complete legal control of something; possession; proprietorship.

"My ownership of the bicycle means I am responsible for its upkeep and safety. "

private noun

/ˈpɹaɪvət/

A soldier of the lowest rank in the army.

"The new private joined the army today. "

transfer noun

/ˈtɹænzfɜː/ /tɹænzˈfɜː/ /ˈtɹænsfɝ/ /tɹænsˈfɝ/

The act of conveying or removing something from one place, person or thing to another.

"The transfer of the student to a different class was announced in a school memo. "