Outrageously Funny Word Dictionary :: Privatize

👉 Privatized

privatized

👉 Privatization is a concept in economics and politics that refers to the process of transferring property rights from one government entity to another, often through the sale or transfer of assets. This can be achieved through various means, such as selling off state-owned enterprises, giving away public lands, or converting certain industries into private companies. The goal of privatization is to increase competition and efficiency in the economy, but it also involves a shift towards market-based decision-making.

privatize