verb
- transfers ownership or control of a business, industry, or service from the government to private companies or individuals
Usage: third person singular present tense of privatize
Examples
- The government privatizes the postal service to reduce costs.
- When a country privatizes its airlines, private companies take control.
- The city privatizes garbage collection by hiring a private company.
- The administration privatizes several state-owned enterprises each year.
- Critics argue that privatizing healthcare reduces access for the poor.
- The reform plan privatizes utilities like water and electricity.