The transfer to public shareholding corporations to private enterprises is
ECONOMICS
JAMB 2011
The transfer to public shareholding corporations to private enterprises is
- A. concession
- B. incorporation
- C. commercialization
- D. privatization
Correct Answer: D. privatization
Explanation
The transfer of ownership, property or business from the government to the private sector is termed privatization. This is done in sectors that are inefficient in providing essential services.
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