Question

Government keeps hold of responsibility and private enterprise handles fully or partly the delivery of product and services. This is which type of privatization?

Q: Answer-Government keeps hold of responsibility and private enterprise handles fully or partly the delivery...

Privatization can be categorized in to three parts Delegation Government keeps hold of responsibility and private enterprise handles fully or partly the delivery of product and services. Divestment Government surrenders the responsibility. Displacement The private enterprise expands and gradually displaces the government entity. Privatization certainly is beneficial for the progress and sustainability of the statecentre -owned enterprises.