NECO Commerce 2023 Objective — Question 46
Question 46 of 50 from the National Examinations Council (NECO) Commerce 2023 Objective paper, with the correct answer and a full explanation.
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Divesting government interest in a business to the public is (a) privatization (b) nationalization (c) deregulation (d) commercialization
- A. privatizationCorrect
- B. nationalization
- C. deregulation
- D. commercialization
Explanation
Privatization is the process of transferring ownership of a business or industry from the government to private individuals or organizations.
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