rather than hire federal workers to make infrastructure repairs to interstate highways, the government contracted with local construction companies in the affected areas to complete the work. this an example of which of the following?

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16-12-2022
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rather than hire federal workers to make infrastructure repairs to interstate highways, the government contracted with local construction companies in the affected areas to complete the work. this an example of which of the following?

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jaiswaljyoti jaiswaljyoti · Answer 1 · 2022-12-21T09:52:12+01:00

The government hired regional construction firms in the impacted areas to finish the job instead of sending in federal workers to conduct structural improvements to federal routes. It is a privatization example.

Why Privatize Your Business? When a private, non-governmental party acquires ownership of a previously owned by the government enterprise, operation, or asset, this is known as privatization. The process of moving a business along with being cost effective to being foreign owned is known as privatization. Corporate privatization is the term used to describe this.

What makes privatization crucial?

The demands of the customer are always prioritized through privatization, which also aids in debt repayment for the government, the creation of more long-term jobs, competitive efficiency, and an open economic system.

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