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privatization

intermediateB2

/ˌpraɪvətaɪˈzeɪʃən/ · pri-va-ti-za-tion

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

Meanings

nounformal

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

ایک کاروبار، ادارے، یا عوامی خدمت کا ملکیت کا عمل جو عوامی شعبے سے نجی افراد یا تنظیموں کے پاس منتقل کیا جاتا ہے۔

نجی سازی

naji sazi

Synonyms

denationalizationliberalizationmarketizationعوامی ملکیت کا خاتمہنجی کاروبار کا قیامنجی کرنے کا عمل

Antonyms

nationalizationpublic ownershipقومی ملکیتعوامی ملکیت

Common Collocations

  • privatization of state-owned enterprises
  • rapid privatization
  • privatization process

Example Sentences

The privatization of public services has sparked widespread debate.

عوامی خدمات کی نجی سازی نے وسیع پیمانے پر مباحثے کو جنم دیا ہے۔

Aawami khidmaat ki naji sazi ne wasee peemaane par mabahisa ko janam dia hai.

Many believe that privatization leads to more efficient services.

بہت سے لوگ یقین رکھتے ہیں کہ نجی سازی زیادہ موثر خدمات کی طرف لے جاتی ہے۔

Bohat se log yaqeen rakhte hain ke naji sazi zyada moassar khidmaat ki taraf le jati hai.

The country underwent significant privatization in the 1990s.

ملک نے 1990 کی دہائی میں نمایاں نجی سازی کی۔

Mulk ne 1990 ki daehai mein numayaan naji sazi ki.

Easily Confused With

personalization:Personalization refers to the customization of a product or service to individual preferences, whereas privatization relates to transferring ownership from public to private sectors.

Word Family

privatize
verbنجی بنانا
private
adjectiveنجی
privately
adverbنجی طور پر

See Also

💡 Memory Tip

Think of 'private' being turned into 'privatization' as creating a separate space.

Imagine a public park being fenced off and turned into a private property.

📖 Etymology

Origin: Latin "privatus" — private

First known use: 1960s

The term privatization emerged in the late 20th century as governments began adopting policies to transfer ownership of state assets to private entities.