1. transferring ownership or control of a business, industry, or service from the government to private companies or individuals
Usage: present participle of privatize

Examples

• The government is privatizing the postal service.
• Many countries began privatizing state-owned enterprises in the 1980s.
• The city council is considering privatizing waste management services.
• Privatizing healthcare remains a controversial topic.
• The company specializes in privatizing public utilities.
• Critics argue that privatizing education could reduce quality.
• The process of privatizing the airline took three years to complete.