What is privatization?
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privatisation
the transfer of a business, industry, or service from public to private ownership and control.
"the workers are opposing the privatization of the national rail company"
the transfer of a business, industry, or service from public to private ownership and control.
"the workers are opposing the privatization of the national rail company"
Radisha111:
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It refers to the process of transferring of industries , businesses , or services from public ownership to private ownership and control .
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