_____ is the process whereby a government entity sells off assets or services to a private company that is responsible for providing a service.

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22-08-2022
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_____ is the process whereby a government entity sells off assets or services to a private company that is responsible for providing a service.

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kuruppu kuruppu · Answer 1 · 2022-08-28T15:33:12+02:00

Privatization is the process whereby a government entity sells off assets or services to a private company that is responsible for providing a service.

What is Privatization?

The term "privatization" refers most frequently to the transfer of a good or service from the public to the private sector.
When a tightly regulated private corporation or industry becomes less regulated, it is occasionally used as a synonym for deregulation.
For instance, Prior to 2012, the state of Washington's government managed and controlled the sale of alcohol.
The state-controlled the sale of alcohol and how it was sold, as well as how much money was made. However, the government privatized the selling of alcohol in 2012.

To learn more about Privatization, refer to the following link:

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