I. ˌprīvə̇d.ə̇ˈzāshən, -d.ˌīˈz- noun
( -s )
Etymology: private (I) + -ization
: the tendency for an individual to withdraw from participation in social and especially political life into a world of personal concerns usually as a result of a feeling of insignificance and lack of understanding of complex social processes
II. noun
: an act or the process of privatizing