Question

Privatization can also be called _________.

• A. nationalization
• B. denationalization
• C. growth of cottage industry
• D. foreign investment

Answer 1

The correct option is B denationalization

Privatization can also be called denationalization.Privatization refers to the process of transferring of ownership and management of an enterprise from public sector to the private sector. Another dimension of privatization is opening up of an industry that has been reserved for the public sector to the private sector.