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OpenStudy (anonymous):
how can someone privatize an industry
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OpenStudy (anonymous):
By industry you mean An individual firm or the WHOLE industry?
OpenStudy (anonymous):
Cut off government involvement, leave everything to private firms/companies thus diverting profits to individual corporations.
OpenStudy (anonymous):
Privatisation is where a government controlled industry, such as healthcare in the UK/Canada etc. is essentially sold to private companies, so that the government stake reduces to zero. Once the industry is completely in private firms ownership, it is fully privatised.
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