(みんえいか)

みんえいか
noun, suru verb
privatization
1. privatization
the transfer of ownership or management of public enterprises to the private sector
国鉄(こくてつ)民営化(みんえいか)された。
The national railways were privatized.
郵政(ゆうせい)民営化(みんえいか)(おこな)われた。
Postal privatization was carried out.
民営化(みんえいか)効率(こうりつ)()がると期待(きたい)されている。
It is expected that privatization will improve efficiency.

民営化(みんえいか) refers to the process of transferring government-owned enterprises to private ownership.

KANJI BREAKDOWN:

  • (みん) (people, private, civilian)
  • (えい) (manage, operate)
  • () (-ization, change into)

HISTORICAL EXAMPLES IN JAPAN:

  • 1987: 国鉄(こくてつ)民営化(みんえいか) (JNR privatization → JR companies)
  • 2007: 郵政(ゆうせい)民営化(みんえいか) (postal privatization)

USAGE:

  • 民営化(みんえいか)する (to privatize - suru verb)
  • 民営化(みんえいか)される (to be privatized)

RELATED TERMS:

  • 国有化(こくゆうか) (nationalization - opposite)
  • 公営(こうえい) (public management)
  • 民間(みんかん) (private sector)

COMMON COLLOCATIONS:

  • 民営化(みんえいか)推進(すいしん) (promotion of privatization)
  • 民営化(みんえいか)反対(はんたい) (opposition to privatization)