noun🔗SharePrivatizaciónThe transfer of a company or organization from government to private ownership and control."The city planned the privatization of the public bus system, hoping it would become more efficient under private management. "La ciudad planeó la privatización del sistema de autobuses públicos, con la esperanza de que fuera más eficiente bajo gestión privada.politicsgovernmentbusinesseconomyChat with AIVocabulary GamePractice Reading