privatisationthe transfer of a business or industry from public to private ownershipPrivatisation of state-owned enterprises can improve efficiency but may reduce public access.NotePrivatisation of state-owned enterprises can improve efficiency but may reduce public access.Elon.io is an online learning platformWe have an entire course teaching IELTS Vocabulary — Band 7+ grammar and vocabulary.Start learning IELTS Vocabulary — Band 7+ now