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privatize
verb [T] economics 
/ˈpraɪvətaɪz/
/ˈpraɪvətaɪz/ | present tense | |
| I/you/we/they | privatize |
| he/she/it | privatizes |
| present participle | privatizing |
| past tense | privatized |
| past participle | privatized |
- to sell a business or industry that was owned and managed by the government so that it becomes a private business 使（政府企业或产业）私有化
There are plans to privatize the postal service. 邮政业务有望私有化。
Synonyms and related wordsTo change the way a country, organization or industry is run: centralise, centralize, decentralise...
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