Once government-owned industries in Japan became profitable,
A)the profits were used to subsidize farmers.
B)the company was turned over to workers' control.
C)they were sold to private investors.
D)they were placed under the military.
E)they were divided into shares and given to the poorest Japanese citizens.

Question

Quizplus · Accepted Answer

Once government-owned industries in Japan became profitable, they were often sold to private investors as part of a broader strategy to encourage private enterprise and reduce the role of the state in the economy. This approach was part of Japan's economic development strategy during the Meiji period and afterwards, aiming to modernize and industrialize the economy.

Once Government-Owned Industries in Japan Became Profitable