What is Privatization?

What is Privatization?

Privatization is the process of transferring ownership and control of industries, companies, corporations, etc, from the public sector to the private sector. This is done in recognition of the fact that private enterprises are more capable of handling production of goods and services efficiently for profits.

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Somtochukwu
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Somtochukwu

Coach, Motivational Speaker, Writer and Teacher.

▪ Follower of Balancism.
Somtochukwu
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