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Privatization
(redirected from privatise)

    Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 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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Summary: Libya aims to partly privatise National Commercial Bank and pursue plans to open its financial sector to international competition through the sale of up to three full banking licenses, central bank governor Farhat Omar Bin Guidara said on Monday.
Libya to pursue NCB stake sale: c.bank governor by UMCI News (Potomac Falls, VA)
The Israeli parliament on Monday passed a controversial land reform law that allows local officials to privatise state land in urban centres, triggering the ire of Israel's Arab minority.
Israel passes controversial land law by AFP / AFP Global Edition
ELDERLY and disabled people in Warwickshire could suffer following a decision to partly privatise home care services in the county, a leading union has claimed.
Union's home care worries; COUNCIL: Elderly and disabled 'will suffer ... by Coventry Evening Telegraph (England)
 
 
 
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