What is the definition of Privatization? | Dictionary.net

PRIVATIZATION

\pɹˌa͡ɪvəta͡ɪzˈe͡ɪʃən], \pɹˌa‍ɪvəta‍ɪzˈe‍ɪʃən], \p_ɹ_ˌaɪ_v_ə_t_aɪ_z_ˈeɪ_ʃ_ə_n]\

Definitions of PRIVATIZATION

2010 - Medical Dictionary Database
1910 - Black's Law Dictionary (2nd edition)

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Process of shifting publicly controlled services and/or facilities to the private sector.

2010 - Medical Dictionary Database
By DataStellar Co., Ltd

As opposed to nationalization, privatization is the sale of enterprises owned by public companies to private companies.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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