The process of taking goods and services out of governmental control and instead treating them like any other marketable commodity is called:

Question

Quizplus · Accepted Answer

Privatization is the process of transferring ownership and control of public goods or services to the private sector. This means that the goods and services are no longer under the control of the government and are instead treated like any other marketable commodity. Commodification refers to the process of turning something into a commodity that can be bought and sold, but this term does not specifically refer to the transfer of government control to the private sector. Magnetification and tracking are not relevant terms for this concept.

The Process of Taking Goods and Services Out of Governmental