Fill in the blank: The transfer of ownership from the public sector to the private sector is known as ______, and it represents a shift from government control to private enterprise.

The question asks to fill in the blank regarding the transfer of ownership. The sentence states: "The transfer of ownership from the public sector to the private sector is known as ______." This process, where assets or services previously owned and managed by the government (public sector) are sold or transferred to private individuals or companies (private sector), is a key component of economic reforms. The missing word is privatization. The complete sentence is: "The transfer of ownership from the public sector to the private sector is known as privatization." Last free one today — make it count tomorrow, or type /upgrade for unlimited.