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Chapter 5: Q14-2D (page 471)

In which foreign industry has privatization been most important?

Short Answer

Expert verified

Telecommunication.

Step by step solution

01

Privatization

The term privatization refers to the transfer of government or public-owned entities into the hands of private authorities for managing their operations.

02

Industry that requires privatization

Telecommunication is that foreign industry where privatization is considered most important because this industry includes critical and sensitive information.

In addition, private sectors run business operations with utmost discipline and provide efficient outcomes.

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