Business, Legal & Accounting Glossary
The process of releasing a government-owned and operated business to the private sector.
Changing something from state to private ownership or control.
China’s move towards more privatisation has encouraged international investment in Chinese industry.
Local governments often privatise their utility services to take advantage of cost savings by using a larger regional provider.
Privatization
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This glossary post was last updated: 26th November, 2021 | 0 Views.