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WAEC Commerce 2023 Question 46

Question 46

Government and Business

Divesting government interest in a business to the public is

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

Answer: A (privatization)

Explanation

Privatization is government selling its shares in a business to private individuals and firms.