Privatization

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Title: Privatization

Essay Details:

Subject: Business

Author: Betsy C

Date: May 31, 2015

Level: University

Grade: A

Length: 7 / 1849

Essay text:

It can be partial or complete. It may also carry conditions as to the change in ownership and other times create partnerships between government and private service providers. The reverse process is nationalization or municipalization. "Privatization may be a popular buzzword today, but the concept has been around since the first municipality hired Joe and his wagon to pick up the trash instead of getting city employee Frank to do it," remarked Public Works. The term was introduced in 1948 and is thought to have been popularized by The Economist during the 1980s. Today it is a political process as well as a commercial and economic process...

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