When the government gives up its ownership and control of a business to individuals, this...
COMMERCE
WAEC 2011
When the government gives up its ownership and control of a business to individuals, this is known as
- A. nationalization
- B. commercialization
- C. privatization
- D. indigenization
Correct Answer: C. privatization
Explanation
privatization; is the transfer of a business, industry, or service from public to private ownership and control.
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