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JAMB Commerce 2008 Question 46

Question 46

Government and Business

The practice whereby government relinquishes its ownership interest in a public enterprises is

  1. A.commercialization
  2. B.indigenization
  3. C.privatization
  4. D.nationalization.
Show the answer and explanation

Answer: C (privatization)

Explanation

Privatisation is the sale of government shares in public enterprises to private owners.