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Definitions from the Web

Privatization

Definition

Privatization refers to the process of transferring ownership or control of a business, industry, or service from the government to private individuals or organizations.

Examples of Usage

1. The privatization of the telecommunications industry led to increased competition and improved service quality.
2. Many argue that privatization of healthcare can lead to more efficient and cost-effective services.
3. The government's decision to proceed with the privatization of the national airport drew both praise and criticism.

Possible Related Products

• Books on Privatization Economics
• Case Studies of Privatization
• Regulation in Privatized Industries