As it relates to reform in former Soviet countries, privatization means:
A) selling publicly owned property to private buyers.
B) demonopolization of state industry.
C) price liberalization.
D) controlling the private section.

Question

Quizplus · Accepted Answer

Privatization means selling publicly owned property to private buyers. This was a key aspect of the economic reform in former Soviet countries, as it aimed to shift the economy from a state-controlled model to a market-oriented one. By selling state-owned businesses and assets to private individuals and companies, the hope was that competition and efficiency would improve, leading to economic growth and development.

As It Relates to Reform in Former Soviet Countries, Privatization