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.

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Definitions:

Apparel Industry

The sector of the economy that is involved in the design, production, and distribution of clothing and accessories.

Cotton

A natural fiber harvested from the cotton plant, used primarily in the textile industry for making fabrics.

Water Usage

The act of using water for various purposes, including domestic, agricultural, industrial, and recreational activities, which can have significant environmental and economic implications.

Corporate Social Responsibility (CSR)

A self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public.