The term __________ refers to the process of converting resources from state ownership to private ownership.

Question

Quizplus · Accepted Answer

Privatization refers to the process of transferring ownership of resources from the public sector to the private sector. This involves the sale of state-owned assets and the transfer of control over public services to private companies. Monopolization refers to the control of a particular industry by a single company or group, and is not related to the transfer of ownership. Centralized decision making refers to a decision-making process where all decisions are made by a central authority, rather than being decentralized across different levels or groups. The pursuit of collective goals refers to the efforts of individuals or groups to achieve common objectives or shared goals.

The Term __________ Refers to the Process of Converting Resources