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- 22: What are some of the Factors Leading to Globalization? 23: What are the Characteristics of a Purely Competitive Market? 24: What are the Characteristics of a Monopolistic Competition Market?riants/950245/take/20/ MULTIPLE CHOICE Question 19 Many countries around the world have started making the move from a command economy to a free market economy in recent years. One of the biggest challenges for these countries is the transition from state-owned enterprises to those owned by individuals or organiza- tions other than the state. What is this transition called? A B C D sole proprietorship business structure public enterprise privatization ó ó ó o ó ó ó ó o o ó ó ó ó ó ŏ čŏ ● ¤ 9 Sanges Saved of 21 Total Questions Answered < ☆ ContinueQUESTION 8 Which one of the following statements on nationalisation and privatization is correct? Nationalisation is the transfer of ownership from public sector to the private sector. Privatisation is the transfer of ownership from private enterprise to government. One of the arguments in favour of privatisation is that the privatised firm may attract foreign direct investment. O Commercialization is the same as privatisation
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