IPA: /ˈpraɪvətaɪz/
KK: /ˈpraɪvəˌtaɪz/
To change something from being owned or controlled by the government to being owned or controlled by private individuals or companies.
The government decided to privatise the national railway system.
Past: privatised
Past Participle: privatised
**Privatise** → It is formed from "privatus" (from Latin, meaning private or personal) and the suffix "-ise" (meaning to make or to become). The word "privatise" means to make something private or to transfer ownership from public to private.
Think of making something 'private' ('privatus') — that's why 'privatise' means to make something private.