Privatize

usgb/ˈpraɪvətaɪz/
verb

To change a business or service from public to private ownership.

The government plans to privatize the postal service.
Visual representation of "privatize" - To change a business or service from public to private ownership

Often appears as...

  • privatize the industry
  • privatize public services
Definition 1 of 2
Visual representation of "privatize"
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Political Debate

The term is often discussed in politics; opinions on privatization can be strong and divided.

Illustration for Political Debate
Debates on whether to privatize the water supply are heating up.
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Economic Impact

When learning 'privatize,' understand it can lead to major shifts in economies and affect jobs.

Illustration for Economic Impact
Workers were concerned about job security after the privatization announcement.
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Social Services

'Privatize' is often used about services like healthcare, education, and transport.

Illustration for Social Services
Citizens protested the decision to privatize the national healthcare system.
Visual representation of the word "Privatize"

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