Which of the following exemplifies privatization? A. A country allows state-owne

Question

Which of the following exemplifies privatization?

A. A country allows state-owned coal companies to sell coal to private parties.

B. A country reduces trade barriers, allowing individuals to engage in export and import.

C. A country sells its postal services to a consortium of companies that runs it as a profit making venture without any state funding.

D. A country enlists the services of SomersConsultancy, a global management consulting firm, to improve the profitability of the state-owned airlines company.

Explanation / Answer

A country sells its postal services to a consortium of companies that runs it as a profit making venture without any state funding is exemplifies privatization. Because as we know that privatization means process of transfering ownership of a public organization to a private party which can use that as a profit making venture or can use that as a non profit manking venture. Here is this case also a public organization like postal services is transfered to a private party, which used postal services as a profit making venture.

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