The privatization in Israel refers to the transferring or selling of a service or property owned by the Israeli government or any public organization to private ownership. The meaning of the privatization is reducing the share and level of intervening which is directly connected with the Israeli government in the Israeli economy, increasing the portion and the economic activity of a private group, on the control and ownership of the assets. The opposite process is nationalization.
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Famous quotes containing the word israel:
“Let Israel hope in the Lord, for with the Lord there is mercy,
And with him is plenteous redemption. And he shall redeem Israel from all his iniquities.”
—Bible: Hebrew Psalm CXXX (l. CXXX, 7–8)