privatization


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pri·va·tize

 (prī′və-tīz′)
tr.v. pri·va·tized, pri·va·tiz·ing, pri·va·tiz·es
To change (an industry or business, for example) from governmental or public ownership or control to private enterprise: "Egypt has to some degree privatized agriculture, allowing farmers to sell directly to consumers instead of through the government" (Marq de Villiers).

pri′va·ti·za′tion (prī′və-tĭ-zā′shən) n.

privatization

the act or process of transferring to private ownership industry operated by a government, of ten industry that has been nationalized. See also government.
See also: Economics

privatization

The conversion of something, especially an industry, from state ownership to private ownership.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.privatization - changing something from state to private ownership or control
social control - control exerted (actively or passively) by group action
Translations
magánosításprivatizáció

privatization

[ˌpraɪvətaɪˈzeɪʃən] Nprivatización f

privatization

[ˌpraɪvətaɪˈzeɪʃən] privatisation (British) nprivatisation f

privatization

References in periodicals archive ?
ISLAMABAD -- Minister of State for Privatization andChairman Privatization Commission, Mohammad Zubair Wednesday said transparency in transaction of public sector enterprises was the top priority of the government.
Emil Karanikolov, head of the Privatization and Post-Privatization Control Agency, has said that the State Agency for National Security (DANS) will be consulted on the privatization of the Central Depository AD.
The Bill was moved by Syeda Sughra Imam, who sought amendment in the Privatization Commission Ordinance 2000.
Muhammad WaqasPakistan's recently elected Pakistan Muslim League-Nawaz government is sticking to its reputation of pushing ahead with privatization drives.
Claims that the sale of 49 percent of Turkish Airlines shares would be finalized this month were not confirmed by the Privatization Authority in a written statement Sept.
TEHRAN (FNA)- With several petrochemical companies listed on the stock market, the privatization drive in the petrochemical industry is to be completed by the end of the current Iranian calendar year (ending in March 2014).
ySTANBUL (CyHAN)- Amid criticism that public privatization tenders lack transparency and damage the public's interest, government officials defended tender processes as being fair, denying any allegations of backroom dealing.
The Parliament will approve the privatization program in accordance with the law on privatization of state property that entered into force on 24 June 2011.
He provided a list of the biggest and best performing Macedonian companies on which the entire economy rests and whose privatization should be revised.
The Third High Level Experts Group (HLEG) Meeting on Privatization and Private sector Development and the 4th Meeting of Heads of Privatization Administrations of ECO member states scheduled to be held on 20-22 May, 2009 in Baku.