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 operates on its own terms. The sale of the government-owned electronics business to Ramington Electricals is an example of _____.

Question

Quizplus · Accepted Answer

The sale of the government-owned electronics business to Ramington Electricals is an example of privatization, which involves transferring ownership and control of a state-owned enterprise to the private sector.

The Government of the South Asian Nation of Albana Is