In 2001, The Government of Jamaica sold its majority shareholding in the JPS (Jamaica Public Service) for over 200 million US dollars. In recent times, there have also been calls from various groups for the privatization of the NWC (National Water Commission). With this in mind, answer the following questions 1. Define the term privatization and explain how it impacts an economy (5 marks) 2. Define the term economic transition and identify measures involved in its process