Question

Privatization is a way to

a. shrink the federal budget by selling government services or property in the private sector.
b. reduce government costs by relocating government programs to private groups or corporations.
c. reduce big government by doing without some of the programs it once provided.
d. increase the government’s role by purchasing private companies.
e. reduce government costs by lowering the amount of benefits paid out to private citizens.

Answer 1

Answer:B

Step-by-step explanation:

Privitazation is a process where by the government sells or transfers part or the whole organisation, business or company to a private sector. By doing so the government is either a part share holder that is if it sells out part of the organisation. But if it's sold out totally the government does not have any control or shares in the company anymore. Also a public traded company can become a private limited company when a few individuals take over the company.

Privatization brings more efficiency, objectivity and creates more job opportunities as opposed to government owned organisations that lack adequate check and balances.

Answer 2

Answer: Under the given option, the correct statement is (b) reduce government costs by relocating government programs to private groups or corporations.

Privatization, refers to transferring property from the state into the private sector. It can also be known as deregulation.

Therefore, the correct option in this case is (b)