Question: What is privatization and how is it different than contracting out? In what ways is privatization an effective way of introducing competition into the provision

What is privatization and how is it different than contracting out?
In what ways is privatization an effective way of introducing competition into the provision of public services?
What are some of the risks of privatizing? In other words, why doesn't privatizing always work?

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Privatization refers to the transfer of ownership control or management of a public service or asset from the government to the private sector This can involve selling off stateowned enterprises outso... View full answer

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