Privatization is when a company owned by a government is spun off or sold and becomes a regular, profit seeking enterprise owned by private individuals or stockholders.
As an example, a city might operate a bus company and sell it to a consortium that runs it as a private, profit-making company instead of as a potentially tax supported, or politics influenced, activity of the city government.
Guillermo Barnes has written: 'Lessons from bank privatization in Mexico' -- subject(s): Banks and banking, Privatization
importance of privatization 1.increase in production effincies. 2.bring employment opportunities to people 3.better service to customers 4.easy funding
Windows XP is an example of an OS. Windows Vista is an example of an OS. Windows 7 is an example of an OS. Mac OS X is an example of an OS.
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This is a web with links to an example of a bank privatization [http://www.slvadvisors.com/News.htm]
Privatization can be good if it eliminates the need for government monetary contributions to a governmental entity. An example would be the privatization of the United States Postal Service in the 1970's. Privatization can be bad if it raises the cost of goods or services to a rate which the consumer cannot possibly afford. An example of this would be the privatization of Bolivian water treatment plants in this decade.
what are the reasons for the privatization in Pakistan
Features of privatization
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privatization motives are the following : efficiency, receipts and the rationalism
merits and demerits of privatization of VSNL
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Mohammad Ishaq Dar is the Minister of Privatization for Pakistan.
One of the reasons for privatization is to ensure that a firm or organization gets better management. Privatization may also be one way to improve on profits.
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Aston Peterson Kajara is the Minister of State for Privatization for Uganda.