Which statement is the definition of privatization?
A) a way to shrink the federal budget by selling government services or property in the private sector
B) a way to reduce government costs by relocating government programs to private groups or corporations
C) a way to reduce big government by doing without some of the programs it once provided
D) a way to increase the government's role by purchasing private companies.
E) a way to reduce government costs by lowering the amount of benefits paid out to private citizens.

Question

Quizplus · Accepted Answer

Privatization refers to the process of transferring ownership and control of government-owned assets or activities to the private sector. This can include relocating government programs to private groups or corporations in order to reduce government costs. Option B best describes this process.

Which Statement Is the Definition of Privatization