what is 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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privatisation refers to the induction of private ownership management and control in public sector enterprises. In other words the process of transfer of ownership and management of public sector undertaking other partially or wholly to private hands is called privatisation.
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