The conversion of government-owned and operated postal service into a privately held business would be an example of _____.

Question

Quizplus · Accepted Answer

The process of converting a government-owned and operated postal service into a privately held business is called privatization. In this process, the government gives up control and ownership of the postal service to private entities. Other options, such as nationalization and government appropriation involve the government taking control or ownership of a particular service or asset, while commercialization is a process of making a government-owned entity more market-oriented and self-sustaining.

The Conversion of Government-Owned and Operated Postal Service into a Privately