Written by the Fiveable Content Team • Last updated September 2025
Verified for the 2026 exam
Verified for the 2026 exam•Written by the Fiveable Content Team • Last updated September 2025
Definition
Privatizations refer to the transfer of ownership and control of government-owned assets or industries to private individuals or companies. This is often done to increase efficiency, competition, and economic growth.
Related terms
Deregulation: Deregulation refers to the reduction or elimination of government regulations on certain industries or sectors. It aims to promote competition, innovation, and market efficiency.
Nationalization is the opposite of privatization. It involves transferring privately owned assets or industries into public ownership and control by the government.
Public-Private Partnership (PPP): PPPs are collaborations between governments and private entities where both parties share resources, risks, and rewards in delivering public services or infrastructure projects.