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:
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.
The community lands of communidades were virtually privatized in the post-liberation phase and this created a new community of resource owners.
Given the costs and the uncertainty of privatizing public corporations, they prefer to muddle through.
Critics ask why these systems should not be privatized or eliminated altogether.
We consider the redistributive effects of privatizing a resource previously exploited under free access.
While the extent of the privatization process varies by country and sector, many large stationary sources of air or water pollution remain to be privatized.
If postal services were privatized, postmasters would lose their favor.
The local, or national, authorities privatize the resource by allowing an outside firm to access the resource, while declaring illegal its access to villagers.
A transitional economy that does not continue to privatize over time can only approach the low-wage steady state in the long-run.
