privatize

Meanings

• verb

  Make a business or industry operate privately, especially by selling shares in it to investors.

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Antonyms

nationalize

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Synonyms

denationalize

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Rhymes

Words rhyming with privatize
prizes , surprises , aprizes

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Variants

List of all variants of privatize that leads to same result
privatization , privatizations , privatize , privatized , privatizes , privatizing , privatise , privatised , privatises , privatising

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Etymology

origin and the way in which meanings have changed throughout history.

From private + -ize

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The first major privatization occurred in the UK under Prime Minister Margaret Thatcher in the late 1970s and early 1980s.

2. The privatization of state-owned enterprises was a key element of the transition to market economies in Eastern Europe and the former Soviet Union in the 1990s.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Neoliberalism: An economic and political ideology that advocates for minimal government intervention in the economy and maximum individual freedom.

2. Public-private partnership: A cooperation between government and private sector entities to deliver public services or projects.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

The concept of privatize has been a significant topic in economics and politics, particularly in discussions about the role of government in various industries and services. It has been a central theme in neoliberal economic policies since the late 20th century.

How to Memorize "privatize"

1. visualize
   

   - Imagine a business or industry being taken over by private investors and operated for profit.

2. associate
   

   - Link the word 'privatize' with 'business' and 'profit'.

3. mnemonics
   

   - Use the phrase 'private profits, public services' to remember the meaning of privatize.

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