Economics · Economic Reforms
In the context of economic reforms, 'Privatization' refers to which of the following processes?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Transfer of ownership from private individuals to the public sector
- 2Transfer of ownership or management control from the public sector to the private sector✓
- 3Expansion of administrative control by public sector enterprises
- 4Increase in direct government regulation of private markets
Correct answer
Transfer of ownership or management control from the public sector to the private sector
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