Privatization Definition - Business Communication Words

 

The process of releasing a government owned/operated business function to the private sector.

 

"The domain name system (and much of the Internet) is one example of privatization."

 

"Many insurance companies are focused on privatization efforts in the US."

 

"Privatization is one way of down-sizing government."

 

"Implementing social medicine and privatization may be a paradox."


 

 

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