privatization

S2 W2

BrE /prɪvətaɪˈzeɪʃn/ AmE /prɪvətəˈzeɪʃn/

noun en → es

1 ECONOMICS B2

the process of changing something from public to private ownership or control, especially in the case of industries such as telecommunications and transport.

privatización

  • the privatization of sth

Collocations privatization of industry · privatization of services

  • The government is considering the privatization of the railways.

    El gobierno está considerando la privatización de los ferrocarriles.

2 POLICY C1

a policy or program aimed at transferring ownership and management of public services, industries, etc., to the private sector.

política de privatización

  • privatization policies/programmes

Collocations privatization policy · privatization programme

  • The new government has announced a privatization program.

    El nuevo gobierno ha anunciado un programa de privatización.