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What is privatisation of a business?

Privatisation - is the dismantling of a previously government-owned business - so that it is managed by private funding rather than (previously) state-funded. Take as an example - the British railway network. Under the old banner of 'British Rail' the tracks, stations and rolling stock were all owned and managed by the UK government. It was subsequently privatised, and the different parts are now maintained by different companies.


What are good examples of businesses under franchise agreements worldwide?

i dont know u tell me


Small scale enterprises?

A small business is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. The legal definition of "small" varies by country and by industry, ranging from fewer than 15 employees under the Australian Fair Work Act 2009, 50 employees in the European Union, and fewer than 500 employees to qualify for many U.S. Small Business Administration programs. Small businesses can also be classified according to other methods such as sales, assets, or net profits.


Is Arco owned by BP?

No, Arco is not owned by BP. Arco, or Atlantic Richfield Company, was acquired by BP in 2000. However, it operates as a separate brand under BP's ownership, primarily in the western United States.


What types of businesses are exempt from paying employees the federal minimum wage?

There are not many types of businesses that are exempt from paying employees the federal minimum wage, they only have to do that when the worker is under the age of say, 16.

Related Questions

Who ran and owned all the businesses under the communist government?

Government .


How is life under communism?

In a communist regime there are no Non-Communist political parties, no privately owned businesses they are all state owned and all income goes to the government.


Under what economic system do all businesses operate only as direct by the government?

Under socialism the "businesses" are out and out owned by the government. Under fascism, the "businesses" are in theory private, but are controlled and licensed by the government. All governments to a certain degree have fascistic elements, as no business can be in business without complying with a variety of regulations, licenses and taxes.


What describes facism?

Basically, under a fascist government, businesses are owned by the citizenry, but the government dictates all business practices e.g., hours, prices, wages, products or services, etc.


What form of government did russia-under-Stalin have?

Communist


What type of government was place under the USSR?

Communist


Russia under Stalin form of government?

Communist


What government douse china have?

China is under a Communist empire.


What was the goal of the us action in Korea?

To stop the communist forces from reuniting Korea under a communist government


Under which political party Angola gain independence?

Communist Government


Does Cuba have a unitary form of government?

Cuba does not have a federal government system. The country of Cuba is run by a communist government under the rule of a dictator.


What group took over Russia and established a Communist government during WW1?

The Bolshevik Party (later called the Communist Party) under the leadership of Vladimir Lenin established a "communist" government in Russia during World War 1. Strictly speaking, they established a socialist government, but they referred to it as a communist government.