- The transfer from government control to the *private sector of economic activity and organizations. Privatization covers a variety of matters: (i) the denationalization of government-controlled Corporations, (ii) the *deregulation or liberalization of economic sectors, and (iii) the subcontracting to the private sector of traditionally *public sector activities. Contrast *nationalization.
Auditor's dictionary. 2014.
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privatization — (Amer.) n. act of making private, act of transferring control from governmental to private powers (also privatisation) … English contemporary dictionary
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Privatization — Under Boris Yeltsin, the newly independent Russian Federation initiated a mass privatization scheme meant to transfer the assets of the now defunct Soviet state to the people in whose name the property nominally was held. However, incipient… … Historical Dictionary of the Russian Federation
Privatization — The act of returning state owned or state run companies back to the private sector, usually by selling them. The New York Times Financial Glossary * * * privatization pri‧vat‧i‧za‧tion [ˌpraɪvətaɪˈzeɪʆn ǁ tə ] also privatisation noun… … Financial and business terms
privatization — The transfer of government owned or government run companies to the private sector, usually by selling them. Bloomberg Financial Dictionary * * * privatization pri‧vat‧i‧za‧tion [ˌpraɪvətaɪˈzeɪʆn ǁ tə ] also privatisation noun [uncountable]… … Financial and business terms
privatization — denationalization The process of selling a publicly owned company or asset (see nationalization) to the private sector. Privatization may be pursued for political as well as economic reasons. The economic justification for privatization is that a … Accounting dictionary
privatization — denationalization The process of selling a publicly owned company or asset (see nationalization) to the private sector. Privatization may be pursued for political as well as economic reasons. The economic justification for privatization is that a … Big dictionary of business and management
privatization — The transfer of responsibilities from the state to the private sector of the economy (see, Privatizing the Public Sector, 1982). Privatization takes many forms, depending on the nature of the responsibilities concerned, and to whom they are… … Dictionary of sociology
privatization */*/ — UK [ˌpraɪvətaɪˈzeɪʃ(ə)n] / US [ˌpraɪvətɪˈzeɪʃ(ə)n] noun [countable/uncountable] Word forms privatization : singular privatization plural privatizations economics the sale of a business or industry that was owned and managed by the government… … English dictionary