The process of transferring ownership of a business enterprise, agency or public service from the public sector to private sector. Answer in a word / phrase / term.
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parivahan nanahzbbsudhx
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The process of transferring ownership of a business enterprise, agency or public service from the public sector to private sector is known as privatisation thereby inducing the management by the private sectors enterprises. The public sectors are operated by the government agencies and privatisation removes any control or regulations framed by the government that acts as hinderance to the operation of private companies.
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