What is privatization?
A)It is the process of a government financially bailing out a private company.
B)It is the process of a private company acquiring another private company.
C)It is the movement of individuals from one private company to the other.
D)It is the transfer of government programs and functions to the private sector.

Question

Quizplus · Accepted Answer

Privatization is the process of transferring government programs and functions to the private sector. This can include government-owned businesses, services, and assets being sold to private companies, or government functions being outsourced to private contractors. The goal of privatization is usually to improve efficiency, reduce costs, and stimulate economic growth.

What Is Privatization