What is the process of converting government-owned businesses to private ownership?

The process of converting government-owned businesses to private ownership is known as privatization. This typically involves assessing the assets and operations of the state-owned enterprise, determining its market value, and then selling it to private investors or companies. The government may choose to conduct public auctions, direct sales, or public offerings to facilitate the transfer. Additionally, regulatory frameworks and policies may be established to ensure a smooth transition and address any socio-economic impacts.