Privatisation

usgb/ˌpraɪ.və.təˈzeɪ.ʃən/
noun

The process of transferring ownership of a business or service from the public sector to private individuals or organizations.

The privatisation of utilities has led to significant changes in service delivery.
Visual representation of "privatisation" - The process of transferring ownership of a business or service from the public sector to private individuals or organizations.

Usage tips

Neutral

public sector reform,state-owned enterprises,market liberalisation

Definition 1 of 2
Visual representation of "privatisation"
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Contextual Understanding

Understanding the sociopolitical implications of privatisation is crucial.

Illustration for Contextual Understanding
The debate often centers on efficiency versus equity.
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Public vs. Private

Recognizing the difference between public and private interests can clarify discussions about privatisation.

Illustration for Public vs. Private
Public services aim to serve all citizens, whereas private companies prioritize profit.
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Global Perspectives

Privatisation can have different effects in various countries depending on their economic frameworks.

Illustration for Global Perspectives
Consider how developed and developing nations may view privatisation differently.
Visual representation of the word "Privatisation"

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