Final answer:
Decolonization is the process of giving sovereignty back to the people of a colonial territory, allowing them to determine their own political, economic, and social systems.
Step-by-step explanation:
The process of giving sovereignty back to the people of a colonial territory is called decolonization. Decolonization refers to the political and social process by which colonies gain independence from colonial powers. It involves the transfer of power from the colonizer to the colonized, allowing the people of the territory to determine their own political, economic, and social systems.
An example of decolonization is the independence movement in India led by Mahatma Gandhi, which resulted in the end of British colonial rule in 1947 and the establishment of the Republic of India. This process involved negotiations, protests, and the adoption of a new constitution that provided for self-government.