Concept information
Preferred term
privatization
Definition(s)
- Privatization refers to the shift of functions and responsibilities, in whole or in part, from the public to the private sector. Its best-known form is the transfer of state-owned assets and enterprises to private hands, while another takes the form of the granting of long-term franchises or concessions by government, under which the private sector finances, builds, and operates major infrastructure. [Source: The Encyclopedia of Libertarianism; Privatization]
Broader concept(s)
Narrower concept(s)
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-J3NMVLX9-4
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