This is called privatizing, or privitization, because the firm goes from public ownership to private ownership (a person, group, or corporation).
privatize
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).
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).
To sell state-run firms to individuals is to privatize those entities, transferring ownership from the government to private individuals or companies. This process often aims to increase efficiency, foster competition, and reduce government expenditure. However, it can also raise concerns about public accountability and access to essential services. Ultimately, the impact of privatization varies depending on the specific context and implementation.
privatize
When a government sells its property to private individuals that is called privatization.
A state and country are both run under a government. This government tells the individuals what is legal and illegal.
The short run is a firm's technology and the size of its factory, store, or office are fixed. In the long run, a firm is able to adopt new technology and to increase or decrease the size of its physical plant.
As individuals specialize in a specific, narrower task in a firm, they become more knowledgeable and so more efficient. This leads to a decrease in long run average costs.
None of the major insurance companies sell homeowners insurance in Florida. The state has made a mess in the insurance market and now the state run company citizens is reaping off homeowners.