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privatize
/ˈpraɪvəˌtaɪz/
US
UK
verb
also Brit privatise -izes; -ized; -izing
[+ obj] :to remove (something) from government control and place it in private control or ownership
The
city
decided
to
privatize
the
municipal
power
company
.
a
proposal
to
privatize
the
health-care
system
-
opposite
nationalize
US