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English definition of “privatize”

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privatize

verb [I or T] ( UK also privatise)
 
 
/ˈpraɪvɪtaɪz/
ECONOMICS, GOVERNMENT if the government privatizes companies and organizations that it owns, it sells them to private investors: The conglomerate calls itself the world's largest water company and has been a pioneer in the trend toward privatizing government water services.
→  Compare nationalize
Translations of “privatize”
in Chinese (Traditional) 使私有化…
in Russian приватизировать…
in Turkish özelleştirmek…
in Chinese (Simplified) 使私有化…
in Polish prywatyzować…
(Definition of privatize from the Cambridge Business English Dictionary © Cambridge University Press)
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