privatization vs American spelling

privatization and American spelling both are nouns.

Word	Noun	Adjective	Verb	Adverb
privatization	Yes	No	No	No
American spelling	Yes	No	No	No

privatization (noun)	American spelling (noun)
changing something from state to private ownership or control	English orthography used in the United States (characterized by 'analyze', 'center', 'usable')