Choose the perfect synonym or antonym for the word The process of transferring the ownership of a business, enterprise, or public service from the public sector (government) to private individuals or organizations.
Privatization
/ˌpraɪvətaɪˈzeɪʃən/Synonyms:
Antonyms:
Examples:
The city council voted for the privatization of the waste services.
Many advocated the privatization of healthcare services for efficiency.
Privatization led to increased fares in public transport systems.
Etymology:
Derived from private (from Latin privatus set apart, belonging to oneself) combined with the suffix -ization, used to form nouns indicating the process or result of making something or converting to something.
Usage Statistics:
20 mentions per 1 million words 
Hint: Frequency according to COCA
Often
Hint: Frequency according to COCA
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