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Privatization
(redirected from Privatised)

    Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
Privatization
The transfer of government-owned or government-run companies to the private sector, usually by selling them.
privatization
The conversion of a public enterprise to a private enterprise. For example, a government-owned railroad or airline may undergo privatization if ownership shares of the enterprise are sold to individual and institutional investors.

Privatization. Privatization is the conversion of a government-run enterprise to one that is privately owned and operated. The conversion is made by selling shares to individual or institutional investors.

The theory behind privatization is that privately run enterprises, such as utility companies, airlines, and telecommunications systems, are more efficient and provide better service than government-run companies.

But in many cases, privatization is a way for the government to raise cash and to reduce its role as service provider.
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It was privatised in the dying days of John Major's administration, in what can only be described as a hastily cobbled together scheme when they knew it was their last chance to do it when it seemed they were facing certain defeat.
Think of the outcome; Mailbag by Huddersfield Daily Examiner (Huddersfield, England)
Not only that, but threats to the benefits to disabled and unemployed people, with so-called help for claimants which is little different to bullying, administered by a reduced civil service and privatised companies seeking quick profit.
How should I vote? LETTERS to the EDITOR by Daily Post (Liverpool, England)
Byline: Manama Sixteen of the state-owned Bahrain Petroleum Company (Bapco) petrol stations may be privatised next year, said a top government official.
Bahrain petrol pumps may be privatised by TradeArabia (Manama, Bahrain)
 
 
 
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