What is meant by privatisation??
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Privatisation is a process of involving the private sector in the ownership of a state owned entreprises.
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Privatization is the act of transferring or passing the ownership or the control of a government company, factory, etc. to under a private control i.e. under a private ownership.
In such a case, government can no more have ownership rights over the company, factory, institution, industry, etc.
Generally, privatization leads to the improvement in various parts of the company as a private ownership aims at better efficiency of the company by implementing various strict rules.
The title of the company changes from " Ltd. " to " Pvt. Ltd. ".
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