Question : Case Study 10:
XYZ Corp. is a technology-based company operating in a country that recently went through a privatization process. The company is facing changes in the regulatory environment.
Q:- What does the term "privatization" refer to?
Option 1: The process of reducing government intervention in the economy
Option 2: The process of nationalizing private companies
Option 3: The process of selling government-owned assets to private entities
Option 4: The process of promoting import restrictions
Correct Answer: The process of selling government-owned assets to private entities
Solution : The correct answer is (C) The process of selling government-owned assets to private entities
The term "privatization" refers to the process of selling government-owned assets or enterprises to private entities. It involves transferring ownership and control of state-owned or public-sector assets to private individuals, corporations, or non-governmental organizations. Privatization is often undertaken to reduce government ownership and involvement in certain industries or businesses.
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