is when the Government sells a part of a public sector business like BT regular people can then buy shares in the company
what does mean share ?
Privatization is a process where all the restrictions r removed n private players r allowed to carry on business freely in the monopoly of public sectors
i agree with viraj but my friend its not necessary private individual get the monopoly of public…is usually take place when state or govt. fail to govern organisation and sell them to private sector of business but again i’m distinguishing with my own answer because govt may sell the business or organisation for the sake of monetary and financial issues.