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Capitalism The term "Privatization" also has been used to describe two unrelated transactions. The first is a buyout, by the majority owner, of all shares of a public corporation or holding company's stock, privatizing a publicly traded stock. The second is a demutualization of a mutual organization or cooperative to form a joint stock company.[2] It has been claimed that the term was first used in the 1930s by The Economist in covering German economic policy.[3][4] In Ancient Greece, the government contracted out almost everything to private sector.[5]
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