Privatization is the process of transferring ow... - SS2 Government Reasons for privatization Question
Privatization is the process of transferring ownership or control of a government-owned or state-owned enterprise, asset or service to the private sector. It is implemented to improve efficiency, reduce government spending, attract investment, and improve service quality.
Potential negative impacts of privatization include decreased service quality, increased costs for consumers, job losses, and potential monopolies in the private sector.
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