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Personal, not for publication or for general knowledge or discussion.
Private means Personal. You don't want anybody to know.
Or an enlisted soldier without any rank.
that a business is owned by a 'private person' i.e. not the state/ country.
i.e in England the postal service is owned by the state and so it is a public company... everyone pays money (via taxes) to keep that company running... however if they were to 'privatize' the postal service, they would be allowing people to create their own postal companies and people would no longer pay money via taxes to keep it running, it is up to private owners to keep it running via profits.
basically, privatised means it isn't owned by the state....
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Advantages and disadvantage of privatization of state corporation?
When a state corporation has been privatized there is less bureaucracy. Private companies tend to deliver goods and services more efficiently.
What do you mean by capitalist economy?
In a capitalist society the market is privatized and individuals and businesses are encouraged to make and spend money and compete against each other. Capitalism can take on many forms, but in its purest form the free market would have no regulation. However, most capitalist societies have some form of government regulation on the market.
What type of economy system does Hungary have?
Turkey enjoys a free market economy. There use to be many state owned companies, but many have been privatized under the Erdogan government.
What is disadvantages of privatisation?
1. Surplus employees: The defect of the system is that some of the workers are declared surplus. There is an increase in the rate of unemployment. The unemployed workers commit crimes in this society. 2. No of branches in rural areas: The private bank owners do not like to setup there branches in rural areas. The banking facilities remain confined to cities where sufficient deposits are available. A large part of population will be deprived of banking facilities. 3. Unbalanced growth: The management of privatized banks provides credit in specific areas and people. As a result, there is unbalanced growth in the country; especially rural areas may remains under developed where credit facilities do not exist. 4. Jobs for relatives: The management of privatized banks may provide jobs to their friends and relatives. The deserving persons are ignored. 5. Loans for few persons: The management of privatized bank can extend loans of their favored persons. In this way only few persons are benefited. 6. Owners association: The aim of privatized banks is to earn profit. For these purpose owners associations are made which enter into agreement of earning high profit. The bank can increase the rate of service charges. Such associations may not care for customer's welfare.
Disadvantages of private banking?
DISADVANTAGE OF PRIVATE BANKS.1.Surplus employees: The defect of the system is that some of the workers are declared surplus. There is an increase in the rate of unemployment. The unemployed workers commit crimes in this society.2. No of branches in rural areas: The private bank owners do not like to setup there branches in rural areas. The banking facilities remain confined to cities where sufficient deposits are available. A large part of population will be deprived of banking facilities.3. Unbalanced growth: The management of privatized banks provides credit in specific areas and people. As a result, there is unbalanced growth in the country; especially rural areas may remains under developed where credit facilities do not exist.4. Jobs for relatives: The management of privatized banks may provide jobs to their friends and relatives. The deserving persons are ignored.5. Loans for few persons: The management of privatized bank can extend loans of their favored persons. In this way only few persons are benefited.6. Owners association: The aim of privatized banks is to earn profit. For these purpose owners associations are made which enter into agreement of earning high profit. The bank can increase the rate of service charges. Such associations may not care for customer's welfare.
When was the Internet privatized?
1995
Can database be privatized?
Yes, data can be privatized by applying certain constraints on it. Data is any useful information that makes sense.
Can politicians be privatised?
No, politicians can not be privatized. When something is privatized, it means that an organization has gone from the public sector to the private sector. It can also refer to government outsourcing.
When will the UK Post Office be privatized?
It is unknown as to whether the UK Post Office will be privatized, or when this may be likely to happen. Currently, the Royal Mail remains a state-owned company.
How will the internet become more private in the future?
The internet will not become privatized in the future. The only way the internet could become privatized is if the government decides such decisions are beneficial, and this will never become the case. Telus and other companies lobbied for this change in 2007, the government did not even consider allowing such information to become privatized.
What schools are run by corporations that have contracted with local school districts?
Privatized
Schools are run by corporations that have contracted with local school districts?
privatized
When was the company VEBA founded?
VEBA had been founded in Berlin in 1929 and was privatized in 1987.
What is renationalised?
Something that was once nationalized (owned and operated by the state) that was then privatized and is once again made nationalized.
How has the economy of India changed in the last few years?
The government has privatized many industries it used to control
Why austria tobacco industry was privatized?
the tobacco shops were sold to earn the state a lot of money that time.
How has the economy of India changed in the past few years?
The Government has privatized many industries it used to control
