JAMB Commerce 2008 Objective — Question 46

Question 46 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2008 Objective paper, with the correct answer and a full explanation.

46. The practice whereby government relinquishes its ownership interest in a public enterprise is

A. commercialization
B. indigenization
C. privatizationCorrect
D. nationalization

Explanation

When government relinquishes its interest in a public enterprise to private individuals, it is said to have privatised the enterprise.

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