privatization

/ˌpraɪvətəˈzeɪʃən/ /ˌpɹaɪvətaɪˈzeɪʃən/

Meanings

noun

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

Examples :

"The city planned the privatization of the public bus system, hoping it would become more efficient under private management. "

Related Words

public noun

/ˈpʌblɪk/

The people in general, regardless of membership of any particular group.

"Members of the public may not proceed beyond this point."

planned verb

/plænd/

To design (a building, machine, etc.).

"The architect planned the building for the client."

efficient noun

/əˈfɪʃənt/ /ɪˈfɪʃənt/

A cause; something that causes an effect

"The efficient of the new study method was improved learning outcomes. "

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."

management noun

/ˈmænədʒmənt/

Administration; the use of limited resources combined with forecasting, planning, leadership and execution skills to achieve predetermined specific goals.

"The school's management team used careful planning and budgeting to ensure enough resources for all students' needs. "

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. "

system noun

/ˈsɪstəm/

A collection of organized things; a whole composed of relationships among its members.

"There are eight planets in the solar system."

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. "