Which term defines a formerly public activity that is picked up under contract by a business outside of government?

Name: Which term defines a formerly public activity that is picked up under contract by a business outside of government?
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Question

Quizplus · Accepted Answer

Privatization refers to the process of transferring ownership and control of a public activity or service to a private entity. This can include anything from the sale of state-owned enterprises to contracting out government services to private contractors.

Which Term Defines a Formerly Public Activity That Is Picked