Privatization Economy
I got a new e-mail today from Mike in New York. He asked me if I could write something about privitization economy. He does not know what privitization economy is and I will try to explain it here for everyone.
Will all know what private property is, we all know what privately owned company is. Of course we do, in capitalism, most of things are private. But in comunism for example, most if not ALL things were from the gov. They actually weren’t from the gov but from the »people«. However people could not sell them and do anything with them, so they were from the gov.
Now as you know, comunism did not last long and most comunistic countries turned to capitalism and when doing that, they needed to give the land, companies and other things to the people. This proces is called privitization, antinacionalization or as Mike has called it, privitization economy.
I hope I explained what privitization economy is and I hope Mike and others will do the essey better hehe.
Written by: Matt
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Tagged as about economy, capitalism, comunism, economy + Categorized as Other, About economy, Economy articles, Global economy