Privatisation
It is the sale
of government-owned entreprises to prívate investors
Reasons
1. To
cut costs when a country has financial problems
2. To
ensure the business is run in a more efficient way
Nationalisation
This
involves the government taking private entities. A compensation is paid.
Reasons
1. To
ensure important services are provided at affordable prices e.g Education
2. To
increase public income
3. To
provide more employment opportunities