privatization

Noun

changing something from state to private ownership or control
The transfer of a company or organization from government to private ownership and control.
The rendering of a thought or an idea, as private in scope.

Origin / Etymology

Calque of German Privatisierung (with English -ation), derived from Latin prīvātus (“apart from the state; private”), with reference to post-First World War German economic principles. Popularized by Sidney Merlin in 1943, who was aware of the term reprivatization (used in similar contexts), already attested at the time.

Synonyms

denationalisation, denationalization, privatisation

Antonyms

nationalization

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