BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Definition: The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. The process in which a publicly-traded company is taken over by a few people is also called privatization.

Detailed explanation-2: -Privatization describes the process by which a piece of property or business goes from being owned by the government to being privately owned. It generally helps governments save money and increase efficiency, where private companies can move goods quicker and more efficiently.

Detailed explanation-3: -Privatization is the transfer of publicly owned or publicly operated means of production to private ownership or operation. The argument for this transfer is usually that privately run enterprises are subject to the discipline of the market and therefore they will be more efficient.

Detailed explanation-4: -There are three types of privatization: selling, contracting, and limiting regulations.

Detailed explanation-5: -The process wherein a publicly-traded company is taken over by private enterprises is called privatisation. Hence, the stock of the previously publicly-owned company is no longer traded in the stock market; and the general public is also barred from holding a stake in such a company.