When a government relinquishes its shareholding and transfers full ownership and management of a public enterprise to private individuals or business entities, which economic reform has taken place?
- ACommercialization
- PrivatizationCevap
- CNationalization
- DDecentralization
Cevap
Privatization
Privatization is defined as the policy reform whereby the state divests its shares, assets, and management responsibilities in public enterprises to private individuals or companies. This transfers complete or majority ownership out of public hands.
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Anahtar Kavram
Distinction between Commercialization and Privatization
Tahmini Süre:45s