What does privatization mean?

Privatization management refers to a management mode that transfers some public services and public utilities directly managed by the government to private enterprises or individuals through certain methods and procedures. According to relevant information, the implementation of privatization management requires the government to formulate relevant laws, policies and regulations to ensure the openness, transparency, fairness and legality of the handover process. At the same time, it is also necessary to supervise and restrain private enterprises or individuals to prevent them from abusing public resources and disrupting market order.