privatization

/ˌpɹaɪvɪtaɪˈzeɪʃ(ə)n/

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.

privatization means the transfer of a company or organization from government to private ownership and control. Lexicurio rates it Rare gem — a strength score of 77 out of 100.

noun

The transfer of a company or organization from government to private ownership and control.“Coordinate term: denationalization”
The rendering of a thought or an idea, as private in scope.“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.”