pri·vat·iza·tion
noun/ˌpraɪvətaɪˈzeɪʃn/
/ˌpraɪvətəˈzeɪʃn/
(British English also privatisation)
[uncountable]- the act of selling a business or an industry so that it is no longer owned by the government
私有化；私营化 - There were fears that privatization would lead to job losses.
人们担心私有化会导致失业。
- There were fears that privatization would lead to job losses.