75.1k views
2 votes
11. The sale or transfer of state-owned businesses to individuals is referred to as

Oglasnost

privatization

perestroika

the Great Leap Forward

1 Answer

1 vote

Answer:Privatization

Step-by-step explanation:

Privatization is the term used to describe when government releases its ownership of its public owned enterprises such as company, services or business and transfers them to a private sector as new ownership to control.

As the Government loses out on dividends which could have been accrued from the public enterprises sold out or transferred, research have found out that Privatization helps to to improve efficiency since its primary aim for acquiring such control is to make profit.

User Lucas Polonio
by
4.5k points