JAMB - Commerce (2025 - No. 2)
The transfer of ownership of government business to individuals is
privatization
commercialisation
deregulation
nationalization
Paliwanag
The transfer of ownership of government business to individuals is known as privatization. Privatization is the process of
transferring an enterprise or industry from the public sector to the private sector. The public sector is the part of the economic
system that is run by government agencies.
transferring an enterprise or industry from the public sector to the private sector. The public sector is the part of the economic
system that is run by government agencies.