| 单词 | privatization |
| 释义 | privatization privatization(denationalization) The process of selling a publicly owned company or asset (seenationalization) to the private sector. Privatization may be pursued for political as well as economic reasons. The economic justification for privatization is that a company will be more efficient under private ownership, although most economists would argue that privatization will only achieve this if it is accompanied by increased competition. Politically, privatization in the form of share offers to the general public is seen as a means of widening the share-owning public and thus increasing the commitment of working people to the capitalist system. |
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