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privatization
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Definitions of privatization in various dictionaries:
noun - changing something from state to private ownership or control
PRIVATIZATION - Privatization (also spelled privatisation) can mean different things including moving something from the public sector into the private sector. It is...
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| Possible Dictionary Clues |
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| The transfer of a company or organization from government to private ownership and control. |
| the process of selling companies or organizations that are owned by the government to private investors: |
| The transfer of a business, industry, or service from public to private ownership and control. |
| Privatization description |
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| Privatization (also spelled privatisation) can mean different things including moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatized; in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, and prison management.Another definition is the purchase of all outstanding shares of a publicly traded company by private investors, or the sale of a state-owned enterprise to private investors. In the case of a for-profit company, the shares are then no longer traded at a stock exchange, as the company became private through private equity; in the case the partial or full sale of a state-owned enterprise to private owners shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationalization. The second such type of privatization is the demutualization of a mutual organization or cooperative in order to form a joint-stock company. |