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Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving 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.
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Privatization is the process of transferring ownership of a business, enterprise, agency, charity or public service from the public sector (the state or government) or common use to the private sector (businesses that operate for a private profit) or to private non-profit organizations.
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The ecclesiastical confiscations of Mendizábal (Spanish: desamortización eclesiástica de Mendizábal), more often referred to simply as la Desamortización in Spanish, were a set of decrees that resulted in the expropriation and privatisation of monastic properties in Spain from 1835 to 1837.
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ENTel (national telecommunications company, 1990) – partitioned and sold to France Télécom and to Spanish Telefónica. Fábrica Militar de Aviones (FMA, 1995) – sold to Lockheed Martin . Ferrocarriles Argentinos (1991–95) – railway lines all over the country (partially re-nationalized).
Privatization is the process of transferring public assets from the state to the private companies. Productive assets include natural resources, such as earth, forest, water, and air. Such are assets that states have used to hold in trust for the people it represents.