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Meaning of privatisation

 

 

 

Privatisation

 

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Business glossary

 

Meaning of term privatisation :

 

Privatisation is the process of moving economic activity from the public sector to the private sector. The most common form of privatisation is the sale of government-owned shares in private sector companies or the sale of whole companies (for example British Telecom), but it could also mean sub-contracting government activities to private firms (for example government property management or catering).

 

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Privatisation

 

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Meaning of term privatisation

 

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