Verb: privatize

To transfer ownership or control of a company or industry from the public sector to private individuals or organizations.

The government decided to privatize the national airline company.

Noun: privatization

The process or action of privatizing.

Many people debated the benefits and drawbacks of privatization in the healthcare sector.

Adjective: privatized

Referring to something that has been transferred from public to private ownership or control.

After the privatized railway system was implemented, efficiency improved significantly.

Related Products:

• Books on Privatization
• Privatized Industries