CEFR C1

privatize

verb

Meaning

To transfer ownership or control of a business, industry, or service from the government or public sector to private companies or individuals.

Examples

The government decided to privatize the national railway system to improve efficiency.
Critics argued that privatizing essential services like water could lead to higher costs for consumers.

Synonyms: denationalize, deregulate, commercialize

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privatize (C1)

verb

Pronunciation: /ˈpraɪvətaɪz/

Definition

To transfer ownership or control of a business, industry, or service from the government or public sector to private companies or individuals.

Examples

The government decided to privatize the national railway system to improve efficiency.
Critics argued that privatizing essential services like water could lead to higher costs for consumers.
Many countries chose to privatize state-owned airlines in the late 20th century.

Synonyms of privatize

Words with a similar meaning to privatize:

Antonyms of privatize

Words with the opposite meaning to privatize:

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