WAEC Commerce 2023 Objective — Question 46
Question 46 of 50 from the West African Examinations Council (WAEC) 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.
- A. privatizationCorrect
- B. nationalization
- C. deregulation
- D. commercialization
Explanation
Privatisation is defined as the act of transferring ownership and interest of government in public corporation to private individuals.
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