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Privatization

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.02 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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ISLAMABAD, November 06, 2009 (Balochistan Times): The Senate Standing Committee on Privatization, which met at the Parliament House Friday under the Chairmanship of Senator Adnan Khan, has sought details of the terms and conditions applied to the privatization of HBL, KESC, PTCL and other major public sector entities.
Senate body seeks details of privatized entities by Balochistan Times (Baluchistan Province, Pakistan)
ISLAMABAD, November 06, 2009 (Frontier Star): The Senate Standing Committee on Privatization, which met at the Parliament House Friday under the Chairmanship of Senator Adnan Khan, has sought details of the terms and conditions applied to the privatization of HBL, KESC, PTCL and other major public sector entities.
Senate Body Seeks Details Of Privatized Entities by The Frontier Star (Northwest Frontier Province, Pakistan)
But Vedomosti quoted government sources as saying that a new privatization drive would be also aimed as much at improving the image of Russia, which is still criticized by the West for having excessive state control of the economy.
Russia to relaunch privatization drive by AFP / AFP Global Edition
 
 
 
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