Privatisation: Strengths and Weaknesses Privatisation is a multi-meaning concept. It conveys a variety of meanings. In a narrow sense, privatisation means sale of State-owned equity shares to private shareholders, change of ownership of units of production from the State agencies to the private sector and introduction of private management and control. In a broader sense, it means extension of autonomy for the public sector, debureaucratisation of the public sector, deformalisation of...