A giant telecommunications company that was previously owned by the government of Sunzabia, a European country, is sold to an independent industrialist to ensure that the company is handled in a more efficient way. This scenario exemplifies _____.

Question

Quizplus · Accepted Answer

The scenario exemplifies privatization because the telecommunications company, previously owned by the government, is sold to a private industrialist.

A Giant Telecommunications Company That Was Previously Owned by the Government