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WAEC Commerce 2021 Question 38

Question 38

Government and Business

The transfer of a government company to the public is

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

Answer: D (privatization.)

Explanation

Privatization is the sale of government-owned enterprises (or their shares) to private individuals and firms.