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Answer:
B. Privatization.
Explanation:
The transition of government ownership or business to the private sector is called privatization. The proponents of privatization emphasize that the profit earning behavior of new managers in the private sector would lead to cost reductions and better attention to customer satisfaction in the roles that are privatized.
As per the question, The selling of state-owned assets to private telephone company is an example of privatization.
The Europeans in the Caribbean felt the need to bring in enslaved Africans as laborers because the native American Indian workers had become physically weak due to diseases and the Caribbean plantations were in requirement of stronger labor force. The Africans by birth were very strong and they as slaves would perfectly suit the needs of the Caribbean plantations.
