PRIVATISATION

Question 1

What does privatisation involved?

Answer 1

Moving functions previously provided by the government to the private sector, in order to be run like businesses for a means of profit

Question 2

Define endogenous privatisation

Answer 2

Endogenous privatisation refers to when institutes bring in different values etc from the private sectors to make the public sector more business like. For example, efficiency and target setting.

Question 3

Define exogenous privatisation

Answer 3

Refers to externally recruiting services such as cleaning companies or or exam boards