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Privatization

Privatization involves selling state-owned businesses to private investors, transferring ownership of nationalized industries from the public sector to private ownership by creating public limited companies. It also includes having state organizations like schools and hospitals contract private businesses to provide certain services, in addition to outright sales of state assets.

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Firdous Saeed
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116 views1 page

Privatization

Privatization involves selling state-owned businesses to private investors, transferring ownership of nationalized industries from the public sector to private ownership by creating public limited companies. It also includes having state organizations like schools and hospitals contract private businesses to provide certain services, in addition to outright sales of state assets.

Uploaded by

Firdous Saeed
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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BUSINESS STRUCTURE

PRIVATIZATION
Privatization means selling state-owned and controlled business organizations to investors in the private sector. The policy of privatization includes other features apart from the outright sale of state assets, for example making state-owned schools, hospitals and local authorities contract out many services to private business. However the main aspect of privatization is the transfer of ownership of nationalized (state-owned) industries into the private sector by creating public limited companies.

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