What is privatisation? How can government companies be converted into private companies?
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Privatisation is the process of transferring property, from public ownership to private ownership and/ or transferring the management of a service or activity from the government to the private sector.
The government companies can be converted into private companies by the following ways:
The government companies can be converted into private companies by the following ways:
- By withdrawl of the government from its ownership and management of PSUs.
- By outright sale of public sector companies.
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