Business Studies

If there is a transfer of assets from the public sector to the private sector it is referred as__________.


ANSWER

privatization


SOLUTION
The word privatization is derived from the latin word “privatus”. The transfer of ownership, property or business from the government to the private sector is termed privatization. 
The government ceases to be the owner of the entity or business. Privatization is considered to bring more efficiency and objectivity to the company, something that a government company is not concerned about.
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Single Correct Medium Published on 18th 08, 2020
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