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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.

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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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