In Several Western Democracies, the Poor Performance of State-Owned Enterprises

question 37

Multiple Choice

In several Western democracies, the poor performance of state-owned enterprises, because of protection from competition and guaranteed government financial support, led to

• A) privatization.
• B) nationalization.
• C) liberalization.
• D) socialization of production.

---

Definitions:

Assets

Resources owned by a business or individual that have economic value and can be converted into cash.

Capital

Financial resources or assets owned by an individual or business, used to fund operations, invest in business ventures, or acquire assets.

Liabilities

Monetary commitments or liabilities that a business is responsible for repaying to others in the future.

Revenue

The total income generated from normal business operations, including sales of goods and services before any expenses are deducted.