Difference between revisions of "Privatization"
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According to [[Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition)]], | According to [[Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition)]], | ||
:[[Privatization]]. When governmental employees are replaced with private sector workers through a contract with an outside employer for the purpose of reducing overall costs. | :[[Privatization]]. When governmental employees are replaced with private sector workers through a contract with an outside employer for the purpose of reducing overall costs. | ||
| + | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
| + | :[[Privatization]]. When a government-owned firm becomes privately owned. | ||
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==Related concepts== | ==Related concepts== | ||
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*[[Introduction to Labor Relations]]. | *[[Introduction to Labor Relations]]. | ||
| − | [[Category: Labor Relations]][[Category: Articles]] | + | [[Category: Labor Relations]][[Category: Economics]][[Category: Articles]] |
Latest revision as of 18:14, 2 June 2020
Privatization is when governmental employees are replaced with private sector workers through a contract with an outside employer for the purpose of reducing overall costs.
Definitions
According to Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition),
- Privatization. When governmental employees are replaced with private sector workers through a contract with an outside employer for the purpose of reducing overall costs.
According to Principles of Economics by Timothy Taylor (3rd edition),
- Privatization. When a government-owned firm becomes privately owned.
Related concepts
- Labor relations. The systematic study of attitudes, motivations, and behaviors which two or more job-market actors assume toward each another.
