When the British government sold its interests in British Airways to an outside investor, the government was practicing privatization.

Question

Quizplus · Accepted Answer

Privatization occurs when a government transfers ownership of a business, enterprise, or public service to private individuals or organizations. The sale of British Airways by the British government to an outside investor is an example of privatization, as it moved the airline from public to private ownership.

When the British Government Sold Its Interests in British Airways