denationalisation
/diːˌnæʃənəlaɪˈzeɪʃən/
noun
- The process of transferring a business or industry from government ownership to private ownership; privatization.
- The denationalisation of the railway system led to more competition.
- Many countries pursued denationalisation of state-owned industries in the 1990s.
- Critics of denationalisation argue that it can reduce public access to essential services.
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