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 ?
Federal Secretary Privatization; Senior Officials, representatives of Power Companies, Ministry of Finance, Ministry of Industries, Ministry of Commerce and Trade and board members attended the important meeting.
ISLAMABAD -- The Cabinet Committee on Privatization has directed government to expedite the process of privatization and to hire financial advisors for 10 public sector enterprises(PSEs).
ISLAMABAD -- The Cabinet Committee on Privatization (CCoP) Thursday directed the Ministry of Privatization to expedite the process of privatization of public sector enterprises (PSEs), advising it to hire financial advisors for at least ten (10) PSEs before the next meeting of the Committee.
Islamabad -- The Cabinet Committee on Privatization (CCoP) has directed government to expedite the process of privatization and to hire financial advisors for 10 public sector enterprises(PSEs).
CCoP directs Privatization Ministry to expedite privatization process of public sector enterprises
'The government had already initiated the process of privatization of two power plants, which will be completed in next fiscal year,' said an official of the Privatization Commission.
But a heated debate took place on the issue of PSM privatisation, as Shaikh showed his displeasure over the working of the Ministry of Industries and Production.'The committee directed Ministry of Industries and Production and Privatization Commission to submit their proposals in the next CCoP,' according to a handout issued by the finance ministry after the meeting.
ISLAMABAD -- National Assembly Standing committee on Privatization was informed that SME bank has consistently been incurring losses resulting in a negative asset worth Rs 1.17 billion as per financial statement dated September 30, 2018.
Debating after the Public Enterprises Evaluation and Privatization Agency (PEEPA) presentation on March 21, Marulamantsi councillor Sergeant Kgosietsile, said privatisation was making the rich richer and the poor poorer as only the wealthy were able to buy companies.
ISLAMABAD -- Transparent privatization of state-owned enterprises is one of the major priorities of the current government and shall be successfully undertaken with due regard to every possible minutiae.
From the January 2016 annual meeting of the American Society for Political and Legal Philosophy in New York City, 12 revised papers, commentaries on them, and offshoot essays look at the morality of privatization and privatization and the state.