Privatization is - JAMB Commerce 2018 Question
Privatization is
A
Transfer of ownership from individual to government
B
Transfer of ownership from government to stakeholders
C
Transfer of ownership from government to individuals
D
Government taking charge of all businesses
correct option: c
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 is also called privatization.
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