The removal of government direct control and monopoly in manufacturing and service sectors is called __________
a
privatization
b
specialization
c
commercialization
d
decentralization
Explanation
Correct Option
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PeaceEdijam
3 years ago
Commercialization is when government owned enterprises becomes profit-oriented while privatization ( the correct answer) is when private individuals take over government controlled enterprises. So the answer is A.
