Concept:Privatization involves transferring the ownership and control of a government-owned company to private individuals or the private sector.
Explanation:When the government sells a public enterprise to private investors, firms, or the general public, it is known as privatization.
The main purpose of privatization is to reduce government financial burden and improve efficiency through private management.
Commercialization means running a state-owned enterprise for profit while keeping government ownership intact.
Localization refers to adjusting products or services to suit a particular local language, culture, or market.
Deregulation means removing or reducing government rules in an industry so that competition can grow.
Only privatization involves the actual handover or sale of a government company to members of the public or private investors.
Answer:D. privatization