A government-owned company, facility, or piece of land may be privatized when a private, non-governmental party acquires ownership of it. The process of moving a business from being publicly traded to being privately held is known as privatization.
A government-owned company, facility, or piece of land may be privatized when a private, non-governmental party acquires ownership of it. The process of moving a business from being publicly traded to being privately held is known as privatization.
