Concept:Privatization is the transfer of ownership and control of a government business to private individuals or the public.
Explanation:The main feature is a change in ownership from the government to private hands.
The government may sell its shares or the entire business to citizens or private companies.
This is often done to improve efficiency, reduce the financial burden on the government, and encourage private enterprise.
Commercialization makes a public enterprise operate on commercial principles, but the government still owns it.
Deregulation means removing government rules or restrictions, and it does not involve a change of ownership.
A merger is the combining of two separate businesses into one, which is unrelated to the transfer of government ownership.
Answer:C. Privatization