English version

privatize in Economics topic

From Longman Dictionary of Contemporary Englishprivatizepri‧vat‧ize (also privatise British English) /ˈpraɪvətaɪz/ verb [transitive]  PEBBif a government privatizes an organization, industry, or service that it owns or controls, it sells itnationalize→ See Verb table
Examples from the Corpus
privatizeOver the years, he cut costs by privatizing a big portion of each service.Employees of the Strathtay bus company, which has been privatized, are concerned that drivers are about to be made redundant.The company was privatized by the government in 1987.Hungary has been very keen to privatize its major industries, following the democratic reforms of 1988.Boris Yeltsin and his team wanted to privatize land after toppling the Soviet system.Chiluba pledged to reduce spending on the security forces and to privatize loss-making parastatal organizations.Third, it is time to privatize Pemex, the inefficient state oil company.It has suggested privatizing Snecma, which makes aeroengines.Another proposal suggests privatizing some aspects of local prisons.Gazing into our crystal ball, we see Scott breaking her campaign promise to not privatize Tucson Water.