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JAMB Economics 1997 Question 43

Question 43

Business Organisations

Privatization of government-owned companies means the

  1. A.relinquishing of government's equity participation to private individuals
  2. B.recapitalization of distressed government-owned companies
  3. C.joint participation of government and private individuals
  4. D.commercialization and deregulation of the economy.
Show the answer and explanation

Answer: A (relinquishing of government's equity participation to private individuals)

Explanation

Privatization is the sale of the government's shares in public companies to private investors.