Privatization is the
A)process of turning private enterprises into public enterprises
B)the same as nationalization
C)process of turning public enterprises into private enterprises
D)process of turning state-owned enterprises into public enterprises
E)process of turning sole proprietor enterprises into corporate enterprises

Question

Quizplus · Accepted Answer

Privatization refers to the process of turning public enterprises into private enterprises. This means that a previously publicly owned and operated organization or business is now owned and operated by a private entity. This can be done through the sale of shares or assets, or through the transfer of ownership from the government to a private individual or entity. Nationalization, on the other hand, is the opposite process, where private enterprises are turned into public enterprises, and is not synonymous with privatization.

Privatization Is the