Definition of Privatisation??¿??
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The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. The process in which a publicly-traded company is taken over by a few people is also called privatization.
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Privatization is good in overall development of the country. Otherwise Government should run the organisation efficiently. As we all know, Government will have different politicians to rule every five years and understanding the basic needs of any Government sector will takes time.
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