The government of the South Asian nation of Albana is unable to maintain the electronics business effectively because of slack in management and lack of skilled employees. It sells the business to a company called Ramington Electricals. The company has no association with the government, and it operates on its own terms. The sale of the government-owned electronics business to Ramington Electricals is an example of _____.

Question

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Privatization refers to the transfer of ownership of a business, enterprise, or public service from the government to private individuals or organizations. In this case, the sale of the government-owned electronics business to Ramington Electricals, a private company, is an example of privatization.

The Government of the South Asian Nation of Albana Is