A contract process that shifts public functions, responsibilities, and capital assets, in whole or in part, from the public sector to a non-governmental organization is called _____.

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Privatization involves shifting public functions, responsibilities, and capital assets from the public sector to a non-governmental organization. Diversification refers to expanding a company's business operations into different areas. Liberalization refers to relaxing government controls on economic activity. Globalization refers to the interconnectedness of economies and cultures worldwide.

A Contract Process That Shifts Public Functions, Responsibilities, and Capital