corporatze

Question

'corporatize' is defined as follows:1. (Dictionary.com) to develop into big business; bring under the control of a corporation: to corporatize baseball. 2. (Merriam=Webster Online) to subject to corporate ownership or control &lt;afraid that medicine was becoming corporatizedI wonder who were the owners before.1. a small business?2. the state (nation) or the government?Thank you.

Nef · Accepted Answer

Itasan'corporatize' is defined as follows:
1. (Dictionary.com) to develop into big business; bring under the control of a corporation: to corporatize baseball.
2. (Merriam=Webster Online) to subject to corporate ownership or control <afraid that medicine was becoming corporatized

I wonder who were the owners before.
1. a small business?
2. the state (nation) or the government?

Thank you.

In the past, I think a few very wealthy people were able to own basesball teams for the pleasure (and sometimes for the prestige) of it. Now professional baseball seems like big business.

In the US, many doctors had private practices (their own small businesses, to put it another way). But today there are more and more corportations like Health Maintenance Organizations (HMOs) that employ lots of doctors, nurses, technicians, and other staff. A lot of hospitals also are more cost-conscious and profit-conscious than they used to be, and are run as corporations.

Itasan · Answer

Thank you very much, Nef, for the valuable answer.

Clive · Answer

Hi guys,

I wonder who were the owners before.
1. a small business?
2. the state (nation) or the government?

As regards #2, I'd just like to comment that the common term for transferring state-owned enterprises to private and often corporate ownership is 'to privatize', 'privatization' as the noun. Going in the opposite direction is 'to nationalize', 'nationalization'.

Best wishes, Clive

Itasan · Answer

Thank you very much, Clive.

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