A. indigenisation
B. privatisation
C. deregulation
D. commercialisation
Correct Answer:
Option B – privatisation
Explanation
privatization is moving something from the public sector into the private sector. The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. Government owned businesses or agencies are primarily established for the purpose of providing various products and services to the general public at a subsidized rate. Their aim isnt to make profit unlike privately owned businesses, whose major aim is to maximize profit while for offering such goods / services.
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…