Question

What is privatization? State its measures.

Answer 1

Answer:

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Privatization is most of the time associated with improved efficiency due to the profit incentive. ...Privatization is the transfer or sale of government-owned assets/institutions to the private sector.Advantages. Privatization is most of the time associated with improved efficiency due to the profit incentive.

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Answer 2

Privatization is the process of transferring an enterprise or industry from the public sector to the private sector.

Proponents of privatization maintain that the competition in the private sector fosters more efficient practices, which eventually yield better service and products, lower prices and less corruption.