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.
When a firm "floats" it sells stock (share holdings) on a listed stock exchange. People purchase these and they become the owners of the firm and receive a share of the profits that the firm makes each year. If the firm does well then the value of the shares rises on the stock market the shares sell for more than the person originally paid for them. If the firm is badly run it does less well and the value of the shares fall and if the person were to sell their holding, they may get less than they paid for them. Thus the net value of a firm (the total value of all the shares issued) is reflected by the performance (price obtainable) of its shares on the market.
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.