Question

To sell state-run firms to individuals is to _____.

individualize

collectivize

remarket

privatize

Answer 1

The answer is privatize. Because it makes something governmentally owened private to a person or corporation

Answer 2

To sell state-run firms to individuals is to privatize.

To privatize means to transfer from public or government control or ownership to private enterprise. When an individual owns a firm, for instance, it is said to be private.

Privatization generally helps governments save money and increase efficiency. Generally, two main sectors make up an economy: the public sector and the private sector. Government agencies generally run operations and industries within the public sector.