Several years ago, the nation of Equalia had a government-owned telecommunication system that lagged far behind other nations. In several rural areas, there was only a single landline phone for an entire village. The taxes collected for the purpose of maintaining the telephone system were very meager, so the notion of expanding service was almost impossible. The government of Equalia decided to sell the phone company to a private firm. The private firm expanded rapidly. It reported that even poor consumers were willing to pay for a private landline. This government decision and subsequent sale demonstrates move toward
A) nationalism.
B) communism.
C) socialism.
D) capitalism.

Question

Quizplus · Accepted Answer

In order to generate business growth, countries that were predominantly under a socialist system have trended toward capitalism, while countries that were predominantly capitalistic have added social and government sponsored programs.

Several Years Ago, the Nation of Equalia Had a Government-Owned