The Process of Converting Government Enterprises into Privately Owned Firms

question 37

Multiple Choice

The process of converting government enterprises into privately owned firms is called ________.

• A) demand
• B) privatization
• C) socialism
• D) entrepreneurship

---

Definitions:

Wertheimer

A psychologist and one of the founders of Gestalt psychology, known for his work on perception and problem-solving.

Functionalist

In psychology, a perspective that emphasizes the purpose and adaptive functions of mental and behavioral processes.

Psychoanalytic

A method of psychology and therapy developed by Sigmund Freud, focusing on unconscious motives and conflicts.

Existential

Pertaining to existentialism, a philosophy that emphasizes individual freedom, choice, and existence.