Economics · Economic Reforms - Privatization
What is the definition of privatization in the context of economic reforms?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Opening the economy to foreign trade
- 2Merging two public sector undertakings
- 3Increasing government control over private firms
- 4Transferring ownership/management from public to private sector✓
Correct answer
Transferring ownership/management from public to private sector
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