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Question
The policy of converting public ownership of an asset to private ownership is ______.
Options
Nationalisation
Liberalisation
Globalisation
Privatisation
Solution
The policy of converting public ownership of an asset to private ownership is Privatisation.
Explanation:
The process of transferring public ownership of an asset to private ownership is known as privatisation. Privatization is a procedure used to turn public firms that are losing money into private enterprises.
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