_______________ transfers the ownership of state property into the hands of private individuals.

Question

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Privatization transfers the ownership of state property into the hands of private individuals or entities. This can include the sale of state-owned enterprises, land, or assets to private investors, or the contracting out of public services to private companies. Privatization is often seen as a way to increase efficiency, reduce costs, and encourage innovation, but it can also be controversial, as it can result in job losses or reduced access to essential services for vulnerable populations.

_______________ Transfers the Ownership of State Property into the Hands