verb (used with object), privatized, privatizing.
to transfer from public or government control or ownership to private enterprise: a campaign promise to privatize some of the public lands.
to make exclusive; delimit or appropriate: special-interest groups attempting to privatize social issues.
Also, especially British, privatise.

1945–50; private + -ize

privatization, noun Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
privatize or privatise (ˈpraɪvɪˌtaɪz)
(tr) to transfer (the production of goods or services) from the public sector of an economy into private ownership and operation
privatise or privatise
privati'zation or privatise
privati'sation or privatise

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Privatization of industries and increased agricultural exports have boosted the
The privatization of public university funding is a disaster for public well
Although the history of the privatization of the text of the law is complex,
  the results are simple.
Anyone who has spent any time looking at the long term effects of privatization
  knows that it never works out in the end.
Related Words
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