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What process occurs when a country sells off its government-owned businesses?

April 26, 2017businesses country government-owned occurs process sells

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What process occurs when a country sells off its government-owned businesses?

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Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector (the state or government) to the private sector (businesses that operate for a private profit) or to private non-profit organizations. ChaCha!