Question

Disinvestment in public sector is called–

Answer 1

Privatisation is the process of transferring ownership of a business, enterprise, agency, public service or public property from the public sector (a government) to the private sector, either to a business that operates for a profit or to non-profit organisation.

The term can also mean government out sourcing of services or functions to private firms, e.g., revenue collection, law enforcement and prison management.