Privatization.
Private ownership to public ownership
No. Private ownership and free market is a better system than public ownership and central planning.
Public and Private
Direct appropriation is a formal transfer of ownership of an asset or property from private ownership to public ownership.
Eminent domain is the government's power to take private property for public use, with compensation to the owner. This power is typically exercised for projects like building roads, schools, or parks. Owners must be fairly compensated, but they do not have the right to refuse the government's offer to purchase the property.
Private ownership (belongs to an individual) Nationalised ownership (belongs to the state) Public limited ownership (belongs to shareholders) are the 3 main forms of ownership (there are more)
The ownership of a private company is limited to a specific group of people, often a family or extended family. The ownership of a public company is everyone who buys the stock. This could be as small as a few thousand people, or perhaps tens of millions of people.
Public sector lacks private motives, there collective ownership, accountable to political leaders and it provides public goods.
Not for private ownership, bur any sort of public display, YES!
converting land from private to more public ownership.
This is called privatizing, or privitization, because the firm goes from public ownership to private ownership (a person, group, or corporation).
This is called privatizing, or privitization, because the firm goes from public ownership to private ownership (a person, group, or corporation).