| dc.description.abstract | In economics, privatisation is a fairly broad notion. It includes a number of actions,
including the entrance of private capital, the sale of government-owned assets, and
the transition to a private economy. As a result, three fundamental characteristics of
privatisation are as follows:
(1) measurements of ownership,
(2) organisational measures, and
(3) operational measures
Ownership measures relate to the transfer of public enterprise ownership to private
owners. Organizational measures concern the limiting of state authority in publicly
traded firms. These include the use of strategies for leasing and restructuring firms.
The means to increase the profitability and efficiency of public enterprises is
addressed through operational measures. | en_US |
