privatizing


pri·va·tize

P0570200 (prī′və-tīz′)tr.v. pri·va·tized, pri·va·tiz·ing, pri·va·tiz·es To change (an industry or business, for example) from governmental or public ownership or control to private enterprise: "Egypt has to some degree privatized agriculture, allowing farmers to sell directly to consumers instead of through the government" (Marq de Villiers).
pri′va·ti·za′tion (prī′və-tĭ-zā′shən) n.
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