Asked by Genesis Hernandez on Jul 01, 2024
Verified
Privatization is the taking over of private companies by the government.
Privatization
The process of transferring ownership of a business, enterprise, agency, public service, or public property from the government to private individuals or organizations.
- Recognize the pros and cons of economic strategies like privatization, export promotion, and import substitution for developing economies.
Verified Answer
ZK
Zybrea KnightJul 04, 2024
Final Answer :
False
Explanation :
Privatization is the opposite of this - it is the transfer of ownership or control of a government-owned asset or entity to private sector ownership or control.
Learning Objectives
- Recognize the pros and cons of economic strategies like privatization, export promotion, and import substitution for developing economies.
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