verb
- transfers ownership of a business, industry, or service from government control to private ownership
Usage: British spelling; third person singular present tense
Examples
- The government privatises the railway system next year.
- She privatises state-owned companies as part of her economic policy.
- The minister privatises utilities to reduce public spending.
- He privatises the postal service despite public opposition.
- The new administration privatises several government agencies.
- Parliament privatises the national airline this month.