When the country of Swazimoa sells Swazimoa Telecom,a state-owned monopoly to private investors,it is engaging in
A)communism.
B)concentration.
C)privatization.
D)economizing.
E)grandstanding.

Question

Quizplus · Accepted Answer

Swazimoa is engaging in "privatization" by selling its state-owned monopoly to private investors. This means transferring ownership or control of a public service or industry to private hands. It is a common practice to promote competition, efficiency or to raise revenue for the government.

When the Country of Swazimoa Sells Swazimoa Telecom,a State-Owned Monopoly