Privatization and Re-privatization
Zargul Lohar
The term privatization refers to the process of changing ownership or responsibility of services from a public sector managed by the government to a private sector with no governmental control or benefits (Hurl, 1984). The services are publicly funded by entities excluding governmental bodies. Reprivatization refers to the process of transferring a business or service which was once privatized then owned or managed in the past by the government back to its original private owner.
Redistribution
Andrew Ing
Redistribution is the transfer of wealth or income from one group of people to another, typically by the state. A common example of this being income redistribution, where income of individual citizens is transferred to other individuals by the state through the use of taxation and state social spending on welfare.
