PrivatizationTransferring something from the public sphere to the privatePrivatization (rendered privatisation in British English) can mean several different things, most commonly referring to transitioning something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated.
State-owned enterpriseA state-owned enterprise (SOE) or government-owned enterprise is a business entity created or owned by a central or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations.
AssetIn financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent the value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetary value of the assets owned by that firm.
State (polity)A state is a political entity that rules and governs society and the population within a definite territory, or in other words, it is referred to as the country itself with various administrative divisions. Governments are considered as an apparatus, representative, or instrument of states as such the term is used as a metonym for them in governmental topics. It is widely defined by the legitimacy of its sole discretion in the use of offensive and defensive force.
Electric power industryThe electric power industry covers the generation, transmission, distribution and sale of electric power to the general public and industry. The commercial distribution of electric power started in 1882 when electricity was produced for electric lighting. In the 1880s and 1890s, growing economic and safety concerns lead to the regulation of the industry.
GovernmentSystem or group governing an organized communityWorld's states colored by systems of government:Parliamentary systems: Head of government is elected or nominated by and accountable to the legislature. Constitutional monarchy with a ceremonial monarch Semi-constitutional monarchy: Monarch holds significant executive or legislative power but is still restricted by the constitution.
Telecommunications companyA telecommunications company is an electronic communications service provider, more precisely a telecommunications service provider (TSP), that provides telecommunications services such as telephony and data communications access. Many formerly solely telephone companies now function as internet service providers (ISPs), and the distinction between a telephone company and ISP has faded as the current trend for supplier convergence in the industry develops.
Iron oreIron ores are rocks and minerals from which metalliciron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the form of magnetite (Fe3O4, 72.4% Fe), hematite (Fe2O3, 69.9% Fe), goethite (FeO(OH), 62.9% Fe), limonite (FeO(OH)·n(H2O), 55% Fe), or siderite (FeCO3, 48.2% Fe).
American EnglishAmerican English, sometimes called United States English or U.S. English, is the set of varieties of the English language native to the United States. English is the most widely spoken language in the U.S., as well as the common language used in government, education, and commerce in all 50 states, the District of Columbia, and in all U.S. territories except Puerto Rico. Since the late 20th century, American English has become the most influential form of English worldwide.
DemutualizationDemutualization is the process by which a customer-owned mutual organization (mutual) or co-operative changes legal form to a joint stock company. It is sometimes called stocking or privatization. As part of the demutualization process, members of a mutual usually receive a "windfall" payout, in the form of shares in the successor company, a cash payment, or a mixture of both.
Fossil fuelA fossil fuel is a flammable carbon compound- or hydrocarbon-containing material formed naturally in the Earth's crust from the buried remains of prehistoric organisms (animals, plants or microplanktons), a process that occurs within geological formations.Rail transport companyA rail transport company is a company active within the rail industry. It can be: a manufacturing company, a railway undertaking providing services through operating rolling stock, a railway infrastructure manager. In some jurisdictions such as the United States, railway companies may combine these roles. Railway companies can be private or public.Special:Search/nationalizationRelated word or term.*As an Amazon Associate I earn from qualifying purchases.