Divesting government interest in a business to the public is
COMMERCE
WAEC 2023
Divesting government interest in a business to the public is
- A. commercialization
- B. deregulation
- C. privatization
- D. nationalization
Correct Answer: C. privatization
Explanation
Privatisation is a policy designed to enable individuals and private or corporate organisations take over the ownership and control of government business such as public companies and corporations.
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