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单词 privatization
释义 privatization

= denationalization

The process of selling a publicly owned company or asset (see nationalization) to the private sector. Privatization may be pursued for political as well as economic reasons. The economic justification for privatization is that a company will be more efficient as a result of competition. Politically, privatization in the form of share offers to the general public is seen as a means of widening the share-owning public and thus increasing the commitment of working people to the capitalist system.

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更新时间:2025/1/22 19:34:55