Share This Article:

Economic Definition of privatization. Defined.

Offline Version: PDF

Term privatization Definition: The process of converting or "selling off" government-owned assets, properties, or production activities to private ownership. After several decades of increasing government control over productive activities, privatization came into vogue in the 1980s, along with business deregulation and an overall movement toward greater use of markets.


« private sector | Producer Price Index »


Alphabetical Reference to Over 2,000 Economic Terms