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
'Privatisierung' and 'Liberalisierung' can both describe changes made by the state or changes in the economy. 'Privatisierung' means that something passes from the state or the public sector into private hands, for example a company. 'Liberalisierung' means that rules are loosened and more freedom or competition becomes possible. The words can be confused because both often appear together in political or economic discussions. But they are not the same: 'Privatisierung' is about ownership or responsibilities, while 'Liberalisierung' is about less control and fewer regulations.
Die Privatisierung der Wohnungen sorgte in der Stadt für viele Diskussionen.
The privatization of the apartments caused a lot of discussion in the city.
Durch die Liberalisierung des Marktes dürfen nun mehr Firmen ihre Dienste anbieten.
Because of the liberalization of the market, more companies are now allowed to offer their services.