Ask Question
Social StudiesSocial Studies
19 May, 15:55

What is privatization, and why is it so important in a country's transition to capitalism?

+3
Answers (1)
  1. 19 May, 17:54
    0
    Privatisation is the process of allocating resources or project from the government's control to the private sectors' control.

    Capitalism is aimed to let all people in the market to freely compete and influence the price and output in the market.

    In order to do this, it requires less government control that could influence the outcome in the market.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is privatization, and why is it so important in a country's transition to capitalism? ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The final project of a class is assessed by a professor and two TAs. In section A, theevaluators know a priori the current GPA of students. In sectionB, they do not. Which kind of experimental design is this?
Answers (1)
According to the US Supreme Court ruling in Worcester v. Georgia, states could impose their laws on and negotiate with American Indian tribes. only the federal government could negotiate treaties with American Indians.
Answers (1)
Before you start taking measurements though, we'll first make sure you understand the underlying concepts involved. by what method is each of the spheres charged? select the best answer from the choices provided.
Answers (2)
A client says, "i do not want to go back to school because i fear that everyone will laugh at me." which level of need does the given scenario refer to according to maslow's hierarchy of needs?
Answers (1)
Whats a current example or regulatory policy and an example of distributive policy?
Answers (1)
New Questions in Social Studies
Among the general standards for quota and preference systems that seem to be emerging from recent supreme court rulings is that
Answers (1)
When did the following countries become independent states? India Pakistan. Bangladesh ... Sri Lanka ...
Answers (1)
When john locke referred to the mind of a human infant as like a "tabula rasa" he meant that an infant's mind was?
Answers (2)
At a transform boundary between two continental plates, material is
Answers (1)
The middle colonies: A. included Rhode Island and Maryland. lacked a suitable base for commerce. B. for many years had a black majority population. C. were dominated by plantation agriculture. D.
Answers (2)
Home » Social Studies » What is privatization, and why is it so important in a country's transition to capitalism?
Sign Up Forgot Password?