privatize
🇺🇸
/ˈpraɪvətaɪz/
🇬🇧
/ˈpraɪvətaɪz/
to sell a government-owned business or service to private owners
The government decided to privatize the national railway system to improve efficiency.
정부는 효율성을 높이기 위해 국유 철도 시스템을 민영화하기로 결정했습니다.