Privatization occurs when

Question

Quizplus · Accepted Answer

Privatization refers to the process of transferring ownership and control of state-owned enterprises (SOEs) to private-sector firms. Therefore, option C is the best choice as it correctly identifies the process of privatization. Options A and B are not accurate as they refer to situations where private firms are either acquired by governments or go public, which is not privatization. Option D is an incorrect statement as there is a clear process called privatization that involves the transfer of SOEs to the private sector.

Privatization Occurs When