Privatization generally is defined as the process of transfer of ownership, it can also be permanent or just for the years
for which a particular contracted has been drafted between the parties. It is basically a route from public ownership to private
ownership. On the other side it is also a strategy that provides advantage to a few at the price of many. In the 1960's and 1970's
academicians, economists and politicians favored state ownership over personal possession within the production and provision
of products and services.