Question

What do you mean by Privatisation?

Answer 1

Privatization is the exchange of openly claimed or freely worked methods for creation to private possession or activity. The contention for this exchange is generally that privately run businesses are dependent upon the discipline of the market and subsequently they will be more productive.

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?