Question

How is Privatisation done?

Answer 1

Privatization of explicit government tasks occurs in various ways. However, for the most part, the public authority moves responsibility for offices or business processes to a private, revenue-driven organization. Privatization, for the most part, assists governments with setting aside cash and increment productivity.

By and large, two principal areas form an economy: the public area and the private area or sector.

Also see:

• Objectives of Privatisation
• What Is the Difference Between Liberalisation and Privatisation?
• What Is the Impact of Liberalisation Privatisation and Globalisation on Business?
• What Led to LPG Reforms?

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