Question

The finance minister of a country considers several large, state-owned iron manufacturing units to be inefficient and a source of corruption. To generate resources for public expenditure and promote economic growth, the government decides to auction an entire iron manufacturing plant to sell it to a strategic investor.
This process exemplifies ____.

A. nationalization
B. industrialization
C. liberalization
D. privatization

Answer 1

Answer: (D) Privatization

Explanation:

 The privatization is one of the transferring process in which the various types management, industries and the enterprise are get transfer from the public to the private sectors.

In which the public sector is basically refers to the economical system that is executed by the various types of government agency.

The privatization process is basically help in increasing the growth and the economical efficiency in the system.

Therefore, Option (D) is correct.