privatize — to transfer ownership of a business, industry, or service from the public sector to private companies or individuals
Part of speech: VERB
Definition: to transfer ownership of a business, industry, or service from the public sector to private companies or individuals
Pronunciation (IPA): /ˈpraɪvətaɪz/
Korean meaning: 공기업이나 공공서비스를 민간에 매각하다, 민영화하다
Korean pronunciation: **프라**이벗타이즈
Example Sentences
- The mayor's plan to privatize the city's parking meters sparked heated debate among citizens.
- After they privatized the postal service, my grandmother complained that her love letters now arrived with corporate advertising.
- The country decided to privatize its national railway system to improve efficiency.
privatize
VERB//ˈpraɪvətaɪz//
to transfer ownership of a business, industry, or service from the public sector to private companies or individuals
Government officials privatize the public hospital to private investors
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Privatize to capitalize and optimize!
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Start for Free🎤Pronunciation
🌳Etymology
Origin
라틴어 'privatus'(개인적인, 사적인)에서 유래되어 '사적 소유로 만들다'는 의미가 되었습니다. 20세기 중후반 신자유주의 경제정책과 함께 널리 사용되기 시작했습니다.
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“The mayor's plan to privatize the city's parking meters sparked heated debate among citizens.”
“After they privatized the postal service, my grandmother complained that her love letters now arrived with corporate advertising.”
“The country decided to privatize its national railway system to improve efficiency.”
“Some economists argue that privatizing everything would even make the moon charge admission fees for romantic dates.”
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