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privatizations

 

Definitions from the Web

Privatizations

Noun (Plural)

Definition: The act or process of transferring ownership or control of a business, industry, or service from the government to the private sector.

Examples

  1. The privatizations of state-owned enterprises have been a key element of the government's economic reform program.
  2. Many economists argue that privatizations can improve efficiency and stimulate economic growth.

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