- See privatize.
* * *Transfer of government services or assets to the private sector.State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned enterprises may be lifted. Services formerly provided by government may be contracted out. The objective is often to increase government efficiency; implementation may affect government revenue either positively or negatively. Privatization is the opposite of nationalization, a policy resorted to by governments that want to keep the revenues from major industries, especially those that might otherwise be controlled by foreign interests.
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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 act of returning state owned or state run companies back to the private sector, usually by selling them. The New York Times Financial Glossary * * * privatization pri‧vat‧i‧za‧tion [ˌpraɪvətaɪˈzeɪʆn ǁ tə ] also privatisation noun… … Financial and business terms
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 [ˌpraɪvətaɪˈzeɪʆn 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