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19 April, 17:57

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. The given scenario exemplifies

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  1. 19 April, 21:13
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    Answer: Privatization.

    Explanation:

    The giant telecommunication company has experienced privatization as it's ownership has switched from public to private. Privatization occurs when a government owned business establishment is traded to a private individual/organization, therefore the owners of the business are private individuals.
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