reprivatization
/riːˌpraɪvətaɪˈzeɪʃən/
noun
- The act of returning a business, industry, or service that was previously owned or controlled by the government back to private ownership.
- Many economists debated the benefits of reprivatization for the struggling postal service.
- The reprivatization of the railway system led to increased competition and lower fares.
- The government announced the reprivatization of the national airline after decades of state control.
Antonyms