Multiple choice

____ refers to the transfer of assets or service functions from public to private ownership.

  1. Globalisation

  2. Privatisation

  3. Disinvestment

  4. Liberalisation

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Privatisation refers to the transfer of assets or service delivery from public sector/government ownership to private sector ownership. Globalisation refers to worldwide economic integration, disinvestment is selling government equity (a subset of privatisation), and liberalisation refers to reducing government controls.

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