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What is the process of transferring ownership of a business, enterprise, or public property from the public sector to the private sector called?
  • a)
    Nationalization
  • b)
    Privatization
  • c)
    Deregulation
  • d)
    Industrialization
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the process of transferring ownership of a business, enterpris...
The process of transferring ownership of a business, enterprise, or public property from the public sector to the private sector is called privatization, as mentioned in the text. This process is usually undertaken to improve efficiency and promote private sector participation.
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What is the process of transferring ownership of a business, enterprise, or public property from the public sector to the private sector called?a)Nationalizationb)Privatizationc)Deregulationd)IndustrializationCorrect answer is option 'B'. Can you explain this answer?
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