JAMB Economics 2011 Objective — Question 49

Question 49 of 49 from the Joint Admissions and Matriculation Board (JAMB) Economics 2011 Objective paper, with the correct answer and a full explanation.

The transfer of public shareholding in corporations to private enterprises is

A. A. incorporation
B. B. commercialization
C. C. privatizationCorrect
D. D. concession

Explanation

When public corporations are taken over by private enterprises, it is called privatization.

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