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

Question

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The term that refers to the process of converting resources from state ownership to private ownership is privatization. Monopolization refers to the process of controlling a market or industry by a single company or entity. Centralized decision making refers to a decision-making process that is controlled by a single authority or a small group. Pursuit of collective goals refers to the process of working towards a common goal or objective as a group or community.

The Term _______________Refers to the Process of Converting Resources from State