privatization(redirected from privatizations)
Also found in: Thesaurus, Financial, Encyclopedia.
Related to privatizations: Privatised
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.
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
The conversion of something, especially an industry, from state ownership to private ownership.