Privatized
Pronunciation: /ˈpraɪvəˌtaɪzd/
Privatized (adj)
- Owned or run by private companies instead of the government.
- Changed so a public service is managed by private organizations.
Privatized (verb)
- To transfer ownership or control from the government to private companies.
Examples
- The government privatized the land by selling it to private owners.
- They privatized the service to reduce public spending.
Privatized (adjective)
Examples
- The company became privatized after the government sold it.
- Many services were privatized when the government changed its policy.