Privatization


verb (used with object), privatized, privatizing.
1.
to transfer from public or government control or ownership to private enterprise:
a campaign promise to privatize some of the public lands.
2.
to make exclusive; delimit or appropriate:
special-interest groups attempting to privatize social issues.
verb
1.
(transitive) to transfer (the production of goods or services) from the public sector of an economy into private ownership and operation

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