privatization

pri·va·tize  (prv-tz)

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: "The strike ... was called to protest the ... government's plans to break up and privatize the deficit-ridden national railway system" Christian Science Monitor.

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priva·ti·zation (-t-zshn) n.

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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

Thesaurus

Noun

1.

privatization - changing something from state to private ownership or control denationalisation, denationalization, privatisation social control - control exerted (actively or passively) by group action