Privatization occurs when a government transfers to a business its authority to provide a good or a service.

Name: Privatization occurs when a government transfers to a business its authority to provide a good or a service.
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Quizplus · Accepted Answer

Privatization involves the transfer of ownership or operation, from the public sector (government) to the private sector (businesses), of services or activities that were previously under government control.

Privatization Occurs When a Government Transfers to a Business Its