Privatization

The act of returning state-owned or state-run companies back to the private sector, usually by selling them. The New York Times Financial Glossary

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privatization pri‧vat‧i‧za‧tion [ˌpraɪvətaɪˈzeɪʆn ǁ -tə-] also privatisation noun [uncountable] ECONOMICS
the act selling a company or activity controlled by the government to private investors:

• The Labour party was opposed to the privatisation of water and electricity.

— compare nationalization

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   The sale of state-owned commercial and industrial businesses to the private sector by the government.

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privatization UK US (UK also privatisation) /ˌpraɪvɪtaɪˈzeɪʃən/ US  /ˌpraɪvɪtəˈzeɪʃən/ noun [C or U]
ECONOMICS, GOVERNMENT the process of selling companies or organizations that are owned by the government to private investors: »

Widespread demonstrations have taken place over the increasing privatization of public resources.

»

privatization programmes/processes/plans

Compare NATIONALIZATION(Cf. nationalization)

Financial and business terms. 2012.

Look at other dictionaries:

  • privatization —    Privatization is the act of returning to private ownership a company or concern that is owned by the state, while nationalization is conversely the opposite. In the postwar period up to the Thatcher administration, nationalization remained… …   Encyclopedia of contemporary British culture

  • privatization — 1959, from PRIVATIZE (Cf. privatize) + ATION (Cf. ation) …   Etymology dictionary

  • privatization — (Amer.) n. act of making private, act of transferring control from governmental to private powers (also privatisation) …   English contemporary dictionary

  • Privatization — Part of a series on Capitalism Concepts …   Wikipedia

  • Privatization —    Under Boris Yeltsin, the newly independent Russian Federation initiated a mass privatization scheme meant to transfer the assets of the now defunct Soviet state to the people in whose name the property nominally was held. However, incipient… …   Historical Dictionary of the Russian Federation

  • privatization — The transfer of government owned or government run companies to the private sector, usually by selling them. Bloomberg Financial Dictionary * * * privatization pri‧vat‧i‧za‧tion [ˌpraɪvətaɪˈzeɪʆn ǁ tə ] also privatisation noun [uncountable]… …   Financial and business terms

  • privatization — denationalization The process of selling a publicly owned company or asset (see nationalization) to the private sector. Privatization may be pursued for political as well as economic reasons. The economic justification for privatization is that a …   Accounting dictionary

  • privatization — denationalization The process of selling a publicly owned company or asset (see nationalization) to the private sector. Privatization may be pursued for political as well as economic reasons. The economic justification for privatization is that a …   Big dictionary of business and management

  • privatization — The transfer of responsibilities from the state to the private sector of the economy (see, Privatizing the Public Sector, 1982). Privatization takes many forms, depending on the nature of the responsibilities concerned, and to whom they are… …   Dictionary of sociology

  • privatization */*/ — UK [ˌpraɪvətaɪˈzeɪʃ(ə)n] / US [ˌpraɪvətɪˈzeɪʃ(ə)n] noun [countable/uncountable] Word forms privatization : singular privatization plural privatizations economics the sale of a business or industry that was owned and managed by the government… …   English dictionary

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