Privatization

These days there is not doubt about the benefits of privatization. Privatization means the transfer of ownership from public sector (government) to the private sector (business). private market actors can more efficiently deliver many goods or service than government due to free market competition. For example by privitazing Department of immigration and multicultural affair in Australia, they can improve their efficency and effectivness. Therefore, they can also eaisier and faster reach to the their mission statement of “people are our business”!