What is the term for the process of converting government-owned businesses to private ownership?
A)competition
B)privatization
C)globalization
D)collusion

Question

Quizplus · Accepted Answer

Privatization is the process of converting government-owned businesses to private ownership. Competition refers to the rivalry between companies for customers or resources. Globalization refers to the interconnectedness and interdependence of economies and societies around the world. Collusion refers to secret cooperation or conspiracy, particularly between businesses to manipulate markets or prices.

What Is the Term for the Process of Converting Government-Owned