What is the process for converting government enterprises into individually owned firms known as?
A) Production allocation
B) Privatization
C) Entrepreneurship
D) Demand assessment
E) Profit maximization

Question

Quizplus · Accepted Answer

The process for converting government enterprises into individually owned firms is known as privatization. This involves selling off public assets to private individuals or companies, with the aim of improving efficiency and reducing government involvement in certain sectors.

What Is the Process for Converting Government Enterprises into Individually