Privatization of specific government operations happens in a number of ways, though generally, the government transfers ownership of specific facilities or business processes t… See more

Corporate privatization allows a company to manage its business or restructure its operations without the strict regulatory or shareholders' oversight imposed on publicly listed comp… See more

Proponents of privatization argue that privately owned companies run businesses more economically and efficiently because they are profit-incentivized to eliminate wasteful sp… See more

Before 2012, the state of Washington controlled all sales of liquor within the state, meaning that only the state could operate liquor stores. This policy allowed the state to regulate … See more

Transferring services provided by the government to private businesses is known as privatization. Another use of the term involves publicly traded companies becoming p… See more