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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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
(Government, Politics & Diplomacy) (of the production of goods or services) transferred from the public sector of an economy into private ownership and operation
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
privatized[ˈpraɪvətaɪzd] privatised (British) adj → privatisé(e)
Collins English/French Electronic Resource. © HarperCollins Publishers 2005