privatize

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pri·va·tize / ˈprīvəˌtīz/ • v. [tr.] transfer (a business, industry, or service) from public to private ownership and control: a plan for privatizing education.DERIVATIVES: pri·va·ti·za·tion / ˌprīvətəˈzāshən/ n.pri·va·tiz·er n.

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