Answer:
<u>Privatization:</u> The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. The process in which a publicly-traded company is taken over by a few people.
<u>Why have some governments used it?</u>
There are numerous reasons why governments turn to privatization. Cost reduction is one motivation for privatization. The desire to transfer risk from the public sector to the private sector can lead to privatization. Another rationale for privatization could be as a new source of revenue.
I hoped this helped. Have a great day!!
Answer:
The bill has to be voted on by both houses of Congress: the House of Representatives and the Senate. If they both vote for the bill to become a law, the bill is sent to the President of the United States. He or she can choose whether or not to sign the bill. If the President signs the bill, it becomes a law.
Explanation:
It created a two-house legislature with the senate having equal representation for all states and the House of Representatives having representation based on the states population. Hope that helped!