pri ‧ vat ‧ i ‧ za ‧ tion BrE AmE ( also privatisation British English ) /ˌpraɪvətaɪˈzeɪʃ ə n $ -tə-/ noun [uncountable and countable]
[ Word Family: noun : ↑ privacy , ↑ private , ↑ privatization ; verb : ↑ privatize ; adverb : ↑ privately ; adjective : ↑ private ]
the act of privatizing something OPP nationalization