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.
政府決定將國有鐵路系統私有化以提高效率。