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Governance and Public Policy
QUESTION #10511
Question 1
The term privatization, in the context of public administration, most accurately refers to:
Correct Answer Explanation
Privatization in public administration refers broadly to shifting the delivery of public goods and services from the state to private or non-governmental entities. This can take forms including full asset sale, contracting out, franchising, public-private partnerships, and voucher systems. The goal is typically to improve efficiency, reduce costs, and introduce market competition into public service delivery.
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