privatize

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Definitions from WordNet

Verb privatize has 1 sense

privatize, privatise - change from governmental to private control or ownership; "The oil industry was privatized"
--₁ is one way to denationalize, denationalise
Sample sentence:
Somebody ----s something

Definitions from the Web

privatize

Description:

Privatize refers to the process of transferring ownership or control of a business or industry from the government or public sector to the private sector. It involves the conversion of state-owned enterprises or publicly funded services into privately owned and operated entities.

Examples:

After years of financial struggle, the government decided to privatize the national airline.
The decision to privatize the healthcare system sparked a heated debate among the citizens.
Several countries have successfully privatized their telecommunications industry, leading to increased competition and innovation.
Some argue that privatizing prisons can lead to better efficiency and cost-effectiveness, while others express concerns about potential profit-driven practices.

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