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.
Read more about Privatization In Israel: Privatization Processes, Public Sector, Implications of Privatization, Examples, Privatizations Planned in The Near Future in Israel, See Also
Famous quotes containing the word israel:
“For in the division of the nations of the whole earth he set a ruler over every people; but Israel is the Lord’s portion: whom, being his firstborn, he nourisheth with discipline, and giving him the light of his love doth not forsake him. Therefore all their works are as the sun before him, and his eyes are continually upon their ways.”
—Apocrypha. Ecclesiasticus 17:17-9.