Abstract or Introduction
The economic trend of privatisation that started in Great Britain in the early 1980s has now spread to all of the European states (www.fiwi.uni-bonn.de).
Privatisation is characterised as a change in ownership and control of an enterprise from the public sector to private sector by share flotation or private sale. In a broader sense, the definition includes the transfer of functions previously performed exclusively by the public sector to the private sector and all the other measures which aim to reduce the role of government in a national economy in order to strengthen free market economy (www.canaktan.org).
- Quote paper
- Ulrike Messbacher (Author), 2004, Regulation and privatisation, Munich, GRIN Verlag, https://www.grin.com/document/48171