reprivatized
/riːˈpraɪvətaɪzd/
verb
- To return a business, industry, or service that was previously owned or controlled by the government back to private ownership or control.
- The government decided to reprivatize the national airline after years of public ownership.
- The city council voted to reprivatize the waste management service to improve efficiency.
- Many countries chose to reprivatize their telecommunications companies in the 1990s.
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