GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Privatization
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Liberalization
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Nationalization
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None of the above
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Detailed explanation-1: -Privatization is the transfer of publicly owned or publicly operated means of production to private ownership or operation.
Detailed explanation-2: -Definition: 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. The process in which a publicly-traded company is taken over by a few people is also called privatization.
Detailed explanation-3: -Privatization describes the process by which a piece of property or business goes from being owned by the government to being privately owned.
Detailed explanation-4: -Privatization refers to the process of transferring ownership or control of the government assets, firms, and operations to the private investors. This process of transfer takes the form of issue and sale or outright distribution of shares to the general public.