What does Privatization mean?
Definitions for Privatization
pri·va·ti·za·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Privatization.
Princeton's WordNet
denationalization, denationalisation, privatization, privatisationnoun
changing something from state to private ownership or control
Wiktionary
privatizationnoun
The transfer of a company or organization from government to private ownership and control.
Etymology: Coined by Sidney Merlin in 1943 though aware of earlier reprivatization.
ChatGPT
privatization
Privatization is the process of transferring ownership or control of a public or government-owned entity, service, or property to a privately owned business or individual. This could involve sectors such as healthcare, transportation, or utilities. The rationale behind privatization often includes increased efficiency, cost-effectiveness or an emphasis on free market competition. However, it can also involve downsides such as decreased access to essential services for certain populations.
Wikidata
Privatization
Privatization, also spelled privatisation, may have several meanings. Primarily, it is the process of transferring ownership of a business, enterprise, agency, public service or public property from the public sector to the private sector, either to a business that operate for a profit or to a non-profit organization. It may also mean government outsourcing of services or functions to private firms, e.g. revenue collection, law enforcement, and prison management. Privatization has also been used to describe two unrelated transactions. The first is the buying of all outstanding shares of a publicly traded company by a single entity, taking the company private. This is often described as private equity. The second is a demutualization of a mutual organization or cooperative to form a joint stock company.
U.S. National Library of Medicine
Privatization
Process of shifting publicly controlled services and/or facilities to the private sector.
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British National Corpus
Written Corpus Frequency
Rank popularity for the word 'Privatization' in Written Corpus Frequency: #4531
Numerology
Chaldean Numerology
The numerical value of Privatization in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of Privatization in Pythagorean Numerology is: 9
Examples of Privatization in a Sentence
Indian share market is most likely to keep on going down till LIC Ipo opens for trading in stock market as govt wants to prove what beautiful steps it has taken by LIC ipo and why privatization is needed for economic growth
I feel like our immigrant communities, not just Latino, understand our struggle because a lot of times they see it in their own home countries. They see the privatization agenda, they understand the cost of good education.
It's the move towards privatization, it's driven by market-based ideology and the so-called, quote-unquote' choice movement.' So when we talk about vouchers and money moving with kids at the whim of the parents, that's what we're talking about. And it's an example of disaster capitalism within the public education sector.
Greek Finance Minister Yanis Varoufakis:
Our government is eager to rationalize the pension system (for example, by limiting early retirement), proceed with partial privatization of public assets, address the non-performing loans that are clogging the economy's credit circuits, create a fully independent tax commission, and boost entrepreneurship, the differences that remain concern how we understand the relationships between the various reforms and the macro environment.
The privatization is progressing in accordance with the international tender, and, theoretically, it will be completed in March 2016.
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Translations for Privatization
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"Privatization." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/Privatization>.
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