Question

what is privitisation?

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Answer 1

Answer:

Privatization is the transfer of publicly owned or publicly operated means of production to private ownership or operation. The nature and extent to which states should be involved in the affairs of the market are as old as the idea of the state itself. Urgings for privatization are equally historical.

Explanation:

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Answer 2

Answer:

Privatization occurs when a government-owned business, operation, or property becomes owned by a private, non-government party. Note that privatization also describes the transition of a company from being publicly traded to becoming privately held.