Define privatisation. State the measures adopted forprivatisation

Dear Student
Privatization may be defined as the transfer of ownership and control from the public sector to the private sector.

It can take place in two ways:

i. Transfer of ownership and management of public enterprises to the private sector.

ii. Sale of all or some of the assets of public enterprises - The sale of some of the shares of public sector undertakings (PSUs) to the public is known as disinvestment.