Intro to Political Science

study guides for every class

that actually explain what's on your next test

Privatization

from class:

Intro to Political Science

Definition

Privatization is the process by which public assets or services are transferred to private ownership and control, often seen as a way to increase efficiency and reduce government spending in managing various sectors. It typically involves the sale of government-owned enterprises to private investors.

congrats on reading the definition of privatization. now let's actually learn it.

ok, let's learn stuff
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
Glossary
Guides