<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RCIBJRAcSodX6OGvtioSZLY">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/R7Rdvjz7Q76QLZXnSJ66z40"/>
  <rdfs:label>Privatization</rdfs:label>
  <skos:altLabel>Denationalization</skos:altLabel>
  <skos:altLabel>Private Sector Takeover</skos:altLabel>
  <skos:prefLabel>Private Sector Integration</skos:prefLabel>
  <skos:definition>Privatization is the process of transferring ownership and management of a business, enterprise, or public service from the government to private individuals or entities. This often aims to improve efficiency, foster competition, and reduce public sector burden.</skos:definition>
</owl:Class>