Definition of privatization - SS2 Government Past Questions and Answers - page 1
What is the aim of privatization?
To improve efficiency and effectiveness
To increase government ownership
To reduce competition
What does privatization involve?
Transferring ownership or control to the public sector
Selling off shares to private investors
Decreasing competition
Which sector is typically involved in privatization?
Private sector
Government sector
Non-profit sector
What is a potential benefit of privatization?
Increased government control
Decreased efficiency
Improved service quality
What is a potential benefit of privatization?
Increased government control
Decreased efficiency
Improved service quality
What is the definition of privatization?
Privatization is the process of transferring ownership or control of a government-owned or state-owned enterprise, asset or service to the private sector.
Why is privatization implemented?
Privatization is implemented to improve efficiency and effectiveness, as well as to raise funds for the government.
Why is privatization implemented?
Privatization is implemented to improve efficiency and effectiveness, as well as to raise funds for the government.