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WAEC Commerce 2020 Question 45

Question 45

Government and Business

The transfer of ownership of a business from government to the public is

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

Answer: C (privatization.)

Explanation

Privatisation is selling government-owned enterprises to private individuals or firms.