privatize
1. [ verb ] (politics,business) change (industry or business) from governmental to private control or ownership
Synonyms: privatise
Examples:

"The oil industry was privatized"

Related terms: denationalize commercial_enterprise industry
Similar spelling:   privatise
  private
  privates
  privation
  privately
  privateer
  probate
  Previte
  Prevatt
  privateness
  private_eye
  Privette
  Prevatte
  private_road
  private_line
  probative
  Privitera
  privet
  Privett