Privatizes

Part of speech: verb

Definitions

1. To transform a publicly managed organization into one that is owned and operated by private individuals or companies
2. To alter the ownership of a service or asset from a government control to private sector management
3. To change the management of a public entity to be owned and run by private individuals or corporations

Etymology: This is an inflected form: "privatizes" is the third-person singular present of "privatize", a verb built from "private" and the suffix "-ize". The base word "private" comes from Latin "prīvātus", a past participle of "prīvāre", meaning "to deprive" or "to bereave", and its earliest English sense was closer to "deprived of" or "withdrawn from" than to personal property. The sense of "not owned by the state" grew out of that idea of something set apart from public or official hands. The suffix "-ize" has a longer route. It came from Greek "-izein", which turned nouns and adjectives into verbs meaning "to make into" or "to treat in a certain way", passed through Late Latin "-izāre", then Old French, and reached English in its Middle English form. English later used "-ize" to create verbs freely, and "privatize" is one of these combinations of a native-sounding base with a classical suffix.

Synonyms: transfers, expropriates, outsources, deregulates, commercializes

Antonyms: nationalizes, publicizes, socializes, governmentalizes, regulates