privatization [ˌpraɪvətaɪˈzeɪʃən, am. angl. -tə-] SAM. brez mn.
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Since 1993, the country has followed a policy of privatization of certain economic sectors which used to be in the hands of the government.
en.wikipedia.org They can cover the sale of public goods under privatization schemes to co-operative exchanges and occur under varying degrees of monopoly power and state regulation.
en.wikipedia.org Due to the method of privatization, a good deal of the national wealth fell into the hands of a small group of oligarchs.
en.wikipedia.org The government gave way to flexible foreign trade, deregulation and privatization of several sectors.
en.wikipedia.org Scholars have pointed to the increasing privatization and commercialization of the nursing industry as a major reason for this loss of skill, i.e. brain drain.
en.wikipedia.org