What does privatize mean in English?

You can learn privatize Pronunciation, Grammar & Synonyms in this most authoritative English Dictionary.

privatize Meaning, Definition, Pronunciation, Grammar & Synonyms❤️

0 If a government privatizes an industry, company, or service that it owns and controls, it sells it so that it becomes privately owned and controlled:
- I bought shares in British Gas when it was privatized.
1 (of an industry, company, or service) to change from being owned by a government to being owned and controlled independently
2 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.

It is necessary to set clear targets of land areas to be privatized each year by district.
However, subsequent e^orts to privatize these 314 public-sector enterprises proceeded slowly and in piecemeal fashion.
Shaming penalties privatize both the determination of the severity of the sanction and the infliction of the sanction.
As a result, many sectors such as health and education are highly (and often illegally) privatized despite the constitutionally guaranteed dominant role of the state.
It is one among many options, ranging from minister and budget-governed organizations through government corporations and corporate look-alikes to fully privatized, but government-regulated corporations.
These businesses were fully privatized over the 1987-1990 period.
Farmers privatize their crop residues, either by hoisting them into trees, fencing or adopting other measures to preserve them for their own use.
A transitional economy that does not continue to privatize over time can only approach the low-wage steady state in the long-run.