Privatization is concerned with?

Assessment: JAMB UTME - Commerce - 2003 Subject: Commerce

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Privatization is concerned with?
Answer Details
Privatization is the process of transferring the ownership and control of government-owned businesses or industries to private individuals or companies. It involves the sale of assets or shares in a public company to private investors or companies. This means that government-owned businesses become privately owned and operated, and the government no longer controls or manages them. The main aim of privatization is to increase efficiency and profitability of businesses, reduce government expenditure, and promote competition in the market.
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