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Privatization

//ˌpɹaɪvətaɪˈzeɪʃən// noun

Definitions

Noun

1
The transfer of a company or organization from government to private ownership and control. British, English, Oxford, US, countable, uncountable
"Coordinate term: denationalization"
2
changing something from state to private ownership or control wordnet
3
The rendering of a thought or an idea, as private in scope. British, English, Oxford, US, countable, uncommon, uncountable
"Questioning the privilege of biology went hand in hand with a challenge to the privatization of the family and the notion that parents own children and may therefore treat them however they choose."

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.

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