Question

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 __________.A. privatization

B. globalization
C. a joint venture
D. a coalition

Answer 1

A. Privatization

Step-by-step explanation:

Privatization can be defined as the process where by a government owned business or property is sold by the government to a non-government body (private organization). This can also be called corporate privatization.