The Concept of Privatization

question 10

Multiple Choice

The concept of privatization

• A)is an alternative method for providing public services through private firms.
• B)often elicits strong opposition from public-employee unions, who fear that their members will lose their jobs.
• C)is an alternative method for providing public services that can often lower the cost of government operations.
• D)All of these choices.

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Definitions:

Financial Well Being

A state where an individual has a stable financial condition, able to meet current and future expenses, and feels secure in their financial future.

Government Regulation

Rules established by government aimed at controlling or directing economic or social activities.

Average Price

The sum of the prices of all units sold of a product or service divided by the number of units.

Interest Rate

The percentage of a sum of money charged for its use, which can vary depending on the type of loan, the duration, and the risk involved.