Noun
privatization- the transfer of a company or organization from government to private ownership and control
Read full definition at wiktionary.org
...Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector (government) to the private sector (business). In a broader sense, privatization refers to transfer of any government function to the private sector including governmental functions like revenue collection and law enforcement.Chowdhury, F. L. ‘’Corrupt Bureaucracy and Privatisation of Tax Enforcement’’, 2006: Pathak Samabesh, Dhaka. Read full entry
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- Privatization of Social Security
- What's The Government Looking for When Filing for Benefits? Find Out.
- www.mymedicarerights.com
- 1.Privatization - Wikipedia, the free encyclopedia
- The term "Privatization" also has been used to describe two ... International Handbook on Privatization by David Parker, ... Induce Privatization? ...
- http://en.wikipedia.org/wiki/P
rivatization
- 2.Privatization: Definition from Answers.com
- privatization Transfer of government services or assets to the private sector. ... Privatization is the opposite of nationalization, a policy resorted to by ...
- http://www.answers.com/topic/p
rivatization
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privatization?
what are the pros and cons of
privatization and what would
it do to tax payers?
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Privatization would: 1. Reduce taxes that used to pay for inefficient and loss making public sector. 2. Would increase productivity and production and create more wealth for the economy 3. Will reduce prices due to competion Cons - 1. Retrench some workers and would call for retraining and redeployment and compensation for retrenched people |
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What are the benefits of How does it improve economic
growth of a country. Why it is
more advantageous to apply
privatization in developing
countries rather than
developed countries.
Can anyone explain in simple
language, i am new in
economics field.
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Welcome to the union. In developing countries the government is not efficient enough to offer certain good and services, the consequence is that the society does not receive it. One measure to solve the problem is to sell public companies to the private sector. The process of sell this companies is crucial because most of the time the new private company is not efficient too. In the developed countries the government can reach a level of efficient when the society receive the goods and service provide by it, so there is not the necessity to sell a public company to the private sector. |
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What good can come from water I have been researching water
privatization and I have found
enough reasons to why
privatization is a terrible
idea (high costs, sub-par
water conditions and lack of
say from the community) but to
be completely unbiased in
understanding the situation I
need some reasons of how
privatization can possibly be
positive for a community.
Thanks for the answers!
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Profits for those who sell it. i.e. the Biz Moguls. |
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