privatize
pri
ˈprɪ
pri
va
tize
ˌtaɪz
taiz
/pɹˈaɪvətˌaɪz/
privatise

Definition & Meaning of "privatize"in English

to privatize
01

to change the ownership of an industry, service, or business from public to private

Grammatical Information
action verb
regular
present tense
privatize
3rd person singular
privatizes
past simple
privatized
past participle
privatized
Examples
The government decided to privatize the national airline to improve efficiency and reduce costs.
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