Level 6 · word 12,727 of 20,000

privatization

/ˌpraɪvətaɪˈzeɪʃən/ American
  • n. 私有化
Definition
  • n. the transfer of a business or industry from government to private ownership
Example
The government debated the privatization of the national railway system.
政府就国家铁路系统的私有化问题展开了辩论。