privatización

privatisation

noun pree-bah-tee-sah-SYOHN Rare

Usage Note

Privatización refers to the transfer of public assets to private ownership. It is a direct cognate of English 'privatisation/privatization'. In Spain and Latin America the debate over privatización vs nacionalización (nationalisation) of utilities and services is a recurring political topic. The verb form is privatizar.

Examples

"La privatización de la empresa generó mucho debate."

Natural Translation

The privatisation of the company generated a lot of debate.

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