privatization
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privatization
The conversion of public property (e.g., state-owned companies, apartments) into private property, or the transfer of government responsibilities to private companies.
Die Privatisierung der Bahn wird seit Jahren kontrovers diskutiert.
The privatization of the railway has been controversially debated for years.
This word belongs to a family: the adjective is 'privat' (private), the related verb is 'privatisieren' (to privatize, to make something private), and 'die Privatisierung' (privatization) is the noun that describes this process.
Die Regierung plant, die Wasserversorgung zu privatisieren.
The government plans to privatize the water supply.
The ending '-ierung' is typical for nouns derived from verbs ending in '-ieren'. It always describes the process or result of the action of the verb.
Die Modernisierung des Bahnhofs hat fünf Jahre gedauert.
The modernization of the train station took five years.
'Privatisierung' (privatization) is often used with the preposition 'von' (of) to name the object. Common verbs are 'diskutieren' (to discuss), 'fordern' (to demand), or 'kritisieren' (to criticize).
Die Privatisierung von Krankenhäusern ist ein sehr umstrittenes Thema.
The privatization of hospitals is a very controversial issue.
liberalization
In privatization, public property or government responsibilities pass to private companies. In liberalization, by contrast, rules and restrictions are relaxed so that more freedom or competition becomes possible. Opening up a market therefore does not automatically involve a change of ownership.
Durch die Privatisierung verkauft der Staat seinen Energieversorger an private Eigentümer.
Through privatization, the government sells its energy provider to private owners.
Durch die Liberalisierung dürfen neben dem staatlichen Energieversorger weitere Anbieter in den Markt eintreten.
Through liberalization, additional providers are allowed to enter the market alongside the state-owned energy provider.
