A firm purchases the right to manage the drinking-water delivery system from the government of a South American country. This is an example of

Question

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This scenario describes the process of privatization, where a government sells off its previously state-owned assets to a private entity. In this case, the firm has purchased the right to manage the drinking-water delivery system from the government of the South American country.

A Firm Purchases the Right to Manage the Drinking-Water Delivery