Answer to Question #68850 in Microeconomics for Reinas

Question

That is the difference between privatization and marketization? Please help me ;)

Answer 1

Although marketization is often complementary to the move toward privatization, it is conceptually distinct. Privatization involves moving toward more private financing or private ownership of goods or services and can occur both with and without increased incentives for market competition. Equally, some forms of marketization can occur without a change in ownership. For instance, a number of governments have introduced market incentives within the public sector, creating an “internal market” where public organizations compete with each other.
Source: https://www.britannica.com/topic/marketization