noun🔗Share私有化 The 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. "市政府计划将公共汽车系统私有化,希望在私人管理下,运营效率能够提高。politicsgovernmentbusinesseconomyChat with AIVocabulary GamePractice Reading