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Definition of privatize verb from the Oxford Advanced American Dictionary

 

privatize

 verb
verb
NAmE//ˈpraɪvəˌtaɪz//
 
privatize somethingVerb Forms present simple I / you / we / they privatize
 
he / she / it privatizes
 
past simple privatized
 
-ing form privatizing
 
 
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to sell a business or an industry so that it is no longer owned by the government synonym denationalize Air traffic control has been privatized. opposite nationalize
privatization
 
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NAmE//ˌpraɪvət̮əˈzeɪʃn//
 
noun [uncountable] There were fears that privatization would lead to job losses.See privatize in the Oxford Advanced Learner's Dictionary
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