1.
privatization
the transfer of ownership or management of public enterprises to the private sector
国鉄が民営化された。
The national railways were privatized.
郵政民営化が行われた。
Postal privatization was carried out.
民営化で効率が上がると期待されている。
It is expected that privatization will improve efficiency.
民営化 refers to the process of transferring government-owned enterprises to private ownership.
KANJI BREAKDOWN:
- 民 (people, private, civilian)
- 営 (manage, operate)
- 化 (-ization, change into)
HISTORICAL EXAMPLES IN JAPAN:
- 1987: 国鉄民営化 (JNR privatization → JR companies)
- 2007: 郵政民営化 (postal privatization)
USAGE:
- 民営化する (to privatize - suru verb)
- 民営化される (to be privatized)
RELATED TERMS:
- 国有化 (nationalization - opposite)
- 公営 (public management)
- 民間 (private sector)
COMMON COLLOCATIONS:
- 民営化推進 (promotion of privatization)
- 民営化反対 (opposition to privatization)
Related Words
Antonym:
国有化 (nationalization)