공공 기관이나 국가 소유의 기업, 산업, 서비스를 민간의 소유나 경영으로 넘기는 일.
The process of transferring ownership, management, or control of a government-owned enterprise, industry, or service to the private sector.
예문:
"The privatization of the national airline led to significant improvements in service efficiency and profitability."
"Critics argue that the privatization of water utilities could lead to higher prices for low-income families."
"The government announced a new wave of privatizations to reduce the national debt."