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The transfer to public shareholding corporations to private enterprises is

Economics
JAMB 2011

The transfer to public shareholding corporations to private enterprises is

  • A. concession
  • B. incorporation
  • C. commercialization
  • D. privatization
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Correct Answer: Option D
Explanation

The transfer of ownership, property or business from the government to the private sector is termed privatization. This is done in sectors that are inefficient in providing essential services.

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