Privatization is?

A. Transfer of ownership from individual to government
B. Transfer of ownership from government to stakeholders
C. Transfer of ownership from government to individuals
D. Government taking charge of all businesses

Correct Answer:

Option C – Transfer of ownership from government to individuals

Explanation

Privatization is the process of transferring an enterprise or industry from the public sector to the private sector. The public sector is the part of the economic system that is run by government agencies

The transfer of ownership, property or business from the government to the private sector is termed privatization