The conversion of formerly state-run businesses to private enterprise is called

Name: The conversion of formerly state-run businesses to private enterprise is called
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The correct term for the process of converting state-run or government-owned businesses to private ownership and control is called privatization. This involves transferring the ownership of a business, enterprise, agency, or public service from the government to private individuals or organizations.

The Conversion of Formerly State-Run Businesses to Private Enterprise Is