PRIVATISING Meaning and
Definition
-
Privatising is a term used to describe the process of transferring ownership or control of a public sector enterprise or industry to private, non-governmental ownership. It involves the conversion of government-owned entities, such as state-owned companies, utilities, or services, into privately owned businesses. This process often entails the sale or transfer of shares, assets, or management rights, allowing private entities to assume ownership responsibilities previously held by the government.
Privatising is typically driven by various factors, including economic, political, and ideological considerations. Economically, it is often believed that private enterprises can increase efficiency, productivity, and innovation through competition in the open market. Politically, privatisation can help reduce the government's involvement in specific sectors, unload financial burdens, and even generate revenue for the state. At times, ideological motives may also play a role in advocating for the transfer of state-owned assets into private hands.
Privatising can have both positive and negative consequences, depending on the specific circumstances and the effectiveness of the transition process. Supporters argue that privatisation can enhance competition, streamline operations, improve service quality, and stimulate economic growth. However, critics express concerns over potential job losses, loss of democratic control, increased inequality, lack of governmental oversight, and potential exploitation of essential services for profit.
Overall, privatising is a multifaceted process that involves the transformation of publicly owned assets or services into privately held entities, aiming to restructure industries and improve economic outcomes.
Etymology of PRIVATISING
The word privatising is derived from the verb privatize, which in turn comes from the root word private. Private originated from the Latin word privatus, which means set apart, individual, personal. The suffix -ize is used to form verbs indicating the process of making something or transforming into a particular state. Thus, privatize refers to the act of transferring ownership or control of a business or industry from the government or public sector to private individuals or entities. The term privatising is the present participle form of the verb privatize.
Conjugate verb Privatising
CONDITIONAL
I
would privatise
we
would privatise
you
would privatise
he/she/it
would privatise
they
would privatise
FUTURE
I
will privatise
we
will privatise
you
will privatise
he/she/it
will privatise
they
will privatise
FUTURE PERFECT
I
will have privatised
we
will have privatised
you
will have privatised
he/she/it
will have privatised
they
will have privatised
PAST
I
privatised
we
privatised
you
privatised
he/she/it
privatised
they
privatised
PAST PERFECT
I
had privatised
we
had privatised
you
had privatised
he/she/it
had privatised
they
had privatised
PRESENT
I
privatise
we
privatise
you
privatise
he/she/it
privatises
they
privatise
PRESENT PERFECT
I
have privatised
we
have privatised
you
have privatised
he/she/it
has privatised
they
have privatised
I
am privatising
we
are privatising
you
are privatising
he/she/it
is privatising
they
are privatising
I
was privatising
we
were privatising
you
were privatising
he/she/it
was privatising
they
were privatising
I
will be privatising
we
will be privatising
you
will be privatising
he/she/it
will be privatising
they
will be privatising
I
have been privatising
we
have been privatising
you
have been privatising
he/she/it
has been privatising
they
have been privatising
I
had been privatising
we
had been privatising
you
had been privatising
he/she/it
had been privatising
they
had been privatising
I
will have been privatising
we
will have been privatising
you
will have been privatising
he/she/it
will have been privatising
they
will have been privatising
I
would have privatised
we
would have privatised
you
would have privatised
he/she/it
would have privatised
they
would have privatised
I
would be privatising
we
would be privatising
you
would be privatising
he/she/it
would be privatising
they
would be privatising
I
would have been privatising
we
would have been privatising
you
would have been privatising
he/she/it
would have been privatising
they
would have been privatising
