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privatization
(redirected from privatise)

    Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
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.

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.
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