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

privatization

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

deregulation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

nationalization

No worries! We‘ve got your back. Try BYJU‘S free classes today!

individualism

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B privatization
The Private businesses that take over the the public sector business by buying out the ownership is referred to as privatization. Taking over involves the private firm buying at least 51% of the shares of the public company.

Suggest Corrections