What do we call the process of converting government-owned businesses to private ownership?
A) competition
B) privatization
C) globalization
D) collusion

Question

Quizplus · Accepted Answer

The process of converting government-owned businesses to private ownership is called privatization. This involves the transfer of ownership and control of state-owned enterprises to the private sector, typically through the sale of shares, assets, or other forms of ownership transfer. This can lead to increased efficiency, competition, and innovation, but also raises concerns about job losses, inequality, and the concentration of economic power in the hands of a few private actors.

What Do We Call the Process of Converting Government-Owned Businesses