Denationalization
Pronunciation: /ˌdiːˌnæʃənəlɪˈzeɪʃən/
Denationalization (noun)
- The process of taking a service or industry away from government control and giving it to private companies or other owners.
- A change that lessens the role of the state in managing something that was previously run as a national matter.
Examples
- Denationalization removes state ownership of the company.
- The government supports denationalization to remove state ownership.