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WAEC Commerce 1993 Question 28

Question 28

Government and Business

The process of selling government business to the public is known as

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

Answer: C (privatization)

Explanation

Privatisation is the sale of government-owned enterprises to private investors.