Ask Question
Social StudiesSocial Studies
1 January, 20:03

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

+3
Answers (1)
  1. 1 January, 20:06
    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?
Find 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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Moises is about to turn one year old. He cries so hard when his mom and dad leave him with a babysitter. Sometimes he can't be consoled. Why does he cry when his parents leave? Moises thinks his mom will forget to come back.
Answers (1)
What do all forms of electrical production have in common
Answers (1)
How was the advent of the trolley most beneficial to workers? O Trolleys were a cheap form of transportation. Workers could get to work more quickly. Workers could live farther away from work. Trolleys were a convenient way to travel.
Answers (2)
The crop which poses the greatest danger, and the focus of our struggle, is the table grape crop. These pesticides soak the fields, drift with the wind, pollute the water, and are eaten by unwitting consumers.
Answers (2)
Eric has a job as a waiter, and he spends about a quarter of his paycheck buying new music. he keeps his music spending activities secretive from his mother. what advice might we give to eric's mother?
Answers (1)
New Questions in Social Studies
What is a Plateau? A. a valley between mountains B. a dinner plate C. a high mountain peak D. an area of relatively level high ground
Answers (2)
What happened to Britain after Roman armies abandoned the area during the 400s?
Answers (2)
If you return home to find that your residence has been broken into, you should check every room to see what is missing before calling the police.
Answers (1)
Which statements best describe the fossil record? Check all that apply. The fossil record shows only current species. The fossil record shows which organisms have a common ancestor. The fossil record documents changes in organisms over time.
Answers (1)
This description of the "firm league of friendship" of states is a quotation from the
Answers (1)
Home » Social Studies » What is privatization, and why is it so important in a country's transition to capitalism?
Sign Up Forgot Password?