Privatize (Verb)
Meaning
Change from governmental to private control or ownership; "The oil industry was privatized".
Classification
Verbs of size, temperature change, intensifying, etc..
Examples
- The government plans to privatize the state-owned airlines by the end of next year.
- The city decided to privatize the municipal hospital due to financial constraints.
- The company was privatized in the 1990s after years of government operation.
- The country's telecommunications industry was privatized to increase competition and efficiency.
- The water supply system in the city was privatized after years of inefficient government management.