denationalization (C1)
noun
Pronunciation: /diːˌnæʃənəlaɪˈzeɪʃən/
Definition
The process of transferring ownership or control of a business, industry, or asset from public (government) to private hands.
Examples
The privatization of state-owned enterprises is a key policy of the new government.
Denationalization can lead to increased efficiency and competition in some sectors.
Critics argue that denationalization often benefits corporations more than the public.
How to Use denationalization
- denationalization of (prepositional phrase)
- Specifies what is being transferred from public to private ownership. — "The denationalization of the telecommunications sector was controversial."
- process of denationalization (collocation)
- Refers to the steps and actions involved in transferring ownership. — "The process of denationalization took several years to complete."
Synonyms of denationalization
Words with a similar meaning to denationalization:
Antonyms of denationalization
Words with the opposite meaning to denationalization:
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