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privatization |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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Privatization The transfer of ownership from government owned to a privately owned corporation. Notes: One of the main proponents behind the privitization of publicly owned operations is the estimated increases in efficiency due to private ownership. See also: Corporation, Crown Corporation Privatization The transfer of government-owned or government-run companies to the private sector, usually by selling them.
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