change from governmental to private control or ownership; "The oil industry was privatized"
change from governmental to private control or ownership; "The oil industry was privatized
pri·vat·ize privatizes privatizing privatized in BRIT, also use privatise If a company, industry, or service that is owned by the state is privatized, the government sells it and makes it a private company. The water boards are about to be privatized. a pledge to privatise the rail and coal industries. the newly privatized FM radio stations. nationalize + privatization privatizations pri·vati·za·tion the privatisation of British Rail. fresh rules governing the conduct of future privatizations. nationalization. if a government privatizes an organization, industry, or service that it owns or controls, it sells it nationalize
{f} make private, transfer control from governmental to private powers; change a business or industry from public to private control or private ownership (also privatise)
Privatization/Privatisation (alternately "denationalization/denationalisation" or "disinvestment") is the transfer of ownership from the public sector (government) to the private sector (business). A transfer in the opposite direction could be referred to the nationalization or municipalization of some property or responsibility
{f} make private, transfer control from governmental to private powers; change a business or industry from public to private control or private ownership (also privatize)
Refers to the privatization of ownership of a public utility Does not necessarily imply the reduction of a utility's monopoly powers,or the purchase of independent power
Generic term referring to efforts to move traditional functions formerly carried out by governmental agencies, but shifted to private sector organizations, usually under rubric of managed care Most often involves management and financing functions
privatisation the act of privatizing something. 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
A transaction whereby the property of the Argentine state becomes the property of the Spanish state Other examples (e g the property of the Canadian state becomes the property of the US state) may be substituted depending on circumstances
Shifting functions, in whole or part, from government to the private sector when there is no continuing public policy reason to retain responsibility within government, or when that responsibility can be discharged through regulation
Programs that empower the private sector with duties traditionally reserved for governmental entities Examples include self-regulation, government subcontracting of regulatory powers to private entities, and government/industry cooperative agreements
The conversion of a government-performed activity to private nongovernment performance, either to eliminate an activity which is not a valid government function or to cut the cost or improve the efficiency of performing the activity by introducing competition
The process of selling government owned industry and services to private companies Privatization is currently taking place in the former Soviet Union and Eastern Europe in the transition to market economies It is also taking place in many LDCs that are trying to reduce government spending and generate income by selling unprofitable services and industries
Increased use of private sector in providing social benefits and services, such as greater reliance on occupational welfare or proprietary child care services or nursing homes May involve reduced role of government and increased role of market in funding, delivery, and/or regulation
Privatization is the process of changing a public entity or enterprise to private control and ownership It does not include determinations as to whether a support service should be obtained through public or private resources, when the Government retains full responsibility and control over the delivery of those services
The process of selling government owned industries and services to private companies Privatization is currently taking place in the former Soviet Union and Eastern Europe in the transition to market economies It is also taking place in many LDC's that are trying to reduce government spending and generate income by selling unprofitable services and industries
a general term referring to a range of contracts and other agreements that transfer the provision of some services or production from the public sector to private firms or organizations
The process of transferring, selling or divesting government or state-owned companies or assets to private ownership There is much debate about what kinds of goods and services should be publicly owned or administrated versus private [TOP]