English Language WordTools.ai BETA

Definition of «privatisation»

Privatization refers to the process of transferring ownership and control of a business, industry or service from the public sector (government) to the private sector. This can occur through various methods such as selling off government-owned assets to private companies, or by allowing private firms to bid for contracts to provide services that were previously provided by the government. The goal of privatization is often to increase efficiency and reduce costs, while also promoting competition in the marketplace.

Usage examples

  1. The government announced the privatisation of the national airline, allowing private companies to take over its operations.
  2. Privatisation of the electricity sector was expected to increase competition and efficiency.
  3. The privatisation of healthcare services resulted in an increased number of private hospitals and clinics.
  4. Many state-owned banks underwent privatisation to attract foreign investments and strengthen the economy.
  5. The privatisation of public transportation led to the introduction of numerous private bus and taxi services.
  6. Privatisation of the telecommunications industry resulted in improved coverage and higher-quality services.
  7. The government's plan for privatisation of the water supply caused concerns about access to clean water and increased prices.
  8. Privatisation of the postal service led to the closure of many local post offices.
  9. The privatisation of the education system allowed for the establishment of private schools and increased competition among educational institutions.
  10. The country's economic stability relied on the privatisation of various industries to reduce the burden on public finances.

Phrases with «privatisation»

Sentences with «privatisation»

  • Conservative Chris Skidmore, who serves on the health select committee, said there had been «a lot of scaremongering» over claims of privatisation of the NHS in England. (bbc.com)
  • A new series of articles published in the Lancet serves as a timely warning to Australia about the perils of going further down the path of privatisation in health care. (croakey.org)
  • This, more than any other, highlights the drastic need for privatisation in Russia — no longer is the model of nationalisation sustainable in the modern footballing world, as one of the longest legacies of Soviet football haunts Russian football's future. (russianfootballnews.com)
  • (see all sentences)

See also

a b c d e f g h i j k l m n o p q r s t u v w x y z