is the transfer to the private sector of activities, functions and responsibilities which have traditionally rested with the public sector. The objectives of privatization may include: i) relieve the financial and administrative burden of government; ii) improve efficiency and productivity; iii) facilitate economic growth; iv) reduce the size and presence of the public sector in the economy; and v) help to meet national economic productivity targets (Babjee, 1996).
The private operation and/or private ownership of public service facilities.
Conversion of a state run company into a public company, often accompanied by a sale of its shares to the general public.
The process of converting a government-operated activity into a privately owned and operated enterprise.
The process of selling government owned industries and services to private companies. Privatization is currently taking place in the former Soviet Union and Eastern Europe in the transition to market economies. It is also taking place in many LDC's that are trying to reduce government spending and generate income by selling unprofitable services and industries.
"To change (an industry or business, for example) from governmental or public ownership or control to private enterprise: “The strike... was called to protest the... government's plans to break up and privatize the deficit-ridden national railway system”"
A transfer of ownership of a firm from the government to the public.
The process of making state-owned enterprises private. Also termed denationalization.
The conversion of a government-owned enterprise to private ownership.
the returning of a publically owned enterprise, whether a business or a service, to individual ownership. The opposite of nationalization. Supporters of privatization claim that private ownership in a competitive market promotes efficiency and improves service.
Transferring publicly owned enterprise to private ownership.
the process whereby state-owned companies are sold to the private sector.
The supplying traditionally government-supplied goods and services through for-profit business entities to enhance public cost efficiency and leverage limited public funds.
The transfer of activities from the government to the public sector.
selling public organizations to private owners or moving jobs from government organizations to private companies. 12
The conversion of a government function to performance by the private sector. Privatization results from a decision that the government will no longer perform the function anywhere. This is distinct from outsourcing, in which decisions to rely on private-sector sources are made on a case-by-case basis after an analysis of the relative costs of government and private-sector performance of the function at a particular location. Privatization of depot maintenance workloads (such as aircraft maintenance and repair at Air Force air logistics centers) is subject to many unique legal requirements, including the requirement that competition between the government and private sector occur before the workloads can be turned over to a private-sector organization.
The sale of government-owned equity in nationalised industries or other commercial enterprises to private investors is the act of privatization.
a general term referring to a range of contracts and other agreements that transfer the provision of some services or production from the public sector to private firms or organizations.
Conversion of a state-owned company to a public limited company (plc) status.
process by which certain institutional spheres (including religion) become removed from effective roles in the public sphere
The process of turning public enterprises into private enterprises.
The sale and transfer of formerly government-owned assets (such as utilities) to private corporations.
The selling off of state-owned firms to private actors and/or the use of private firms to provide public goods and services.
the process whereby functions that were formally run by the government are delegated instead to the private sector
The act of turning previously government-provided services over to private sector enterprises.
A federal agency decision to change a government-owned and government-operated commercial activity or enterprise to private sector control and ownership. When privatizing, the agency eliminates associated assets and resources (manpower for and funding of the requirement). Since there is no government ownership and control, no service contract or fee-for-service agreement exists between the agency and the private sector after an agency privatizes a commercial activity or enterprise. Moving work from agency performance with government personnel to private sector performance where the agency still funds the activity is not privatization.
The process of transferring, selling or divesting government or state-owned companies or assets to private ownership. There is much debate about what kinds of goods and services should be publicly owned or administrated versus private.
The sale of a state enterprise's shares to the private sector ( private company with expertise in the business being privatized or the general public) The justification for increasing the private sector's control and management is that the enterprise will become more efficient.
Conversion of a state run company to public limited company status often accompanied by a sale of its shares to the public.
The act of returning state-owned or state-run companies back to the private sector, usually by selling them.
The selling off of enterprises that are publicly owned to private owners.
Act of converting a publicly operated enterprise into a privately owned and operated entity. Shares formerly owned by the government, as well as management control, are sold to the public. The theory behind privatization is that these enterprises run more effectively and offer better service.
A process used by investment bankers to assist in offering the securities of government-owned or privately owned companies to the public
Conversion of a state-run company to a public company by selling its shares to the public.
Privatization (alternately "denationalization" or "disinvestment") is the transfer of property or responsibility from the public sector (government) to the private sector (business). The term can refer to partial or complete transfer of any property or responsibility held by government. A similar transfer in the opposite direction could be referred to the nationalization or municipalization of some property or responsibility.