Concept:Privatization is the transfer of government-owned public enterprises to private individuals or companies.
Explanation:When the government sells shares or ownership rights of public corporations to private investors, the full transfer is called privatization.
This process is often introduced to improve efficiency, reduce government spending, and encourage private sector participation.
Concession only grants a private firm the right to operate a public service for a period; ownership still remains with the government.
Incorporation is the legal process of forming and registering a new company, not the transfer of an existing public enterprise.
Commercialization makes a public enterprise run on commercial principles while the government keeps ownership and control.
Since the question refers to handing public shareholding corporations over to private enterprises, the correct term is privatization.
Answer:D. privatization