Privatization refers to the forced sale of an MNC's assets to local buyers with some compensation to the firm, perhaps leaving a minority ownership with the MNC.

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Privatization typically refers to the process of transferring ownership and control of a government-owned or state-owned business or industry to private ownership. It is not typically associated with MNCs, and it is not typically a forced sale to local buyers with compensation to the firm.

Privatization Refers to the Forced Sale of an MNC's Assets