In their book, Daniel Yergin and Joseph Stanislaw wrote "Governments are getting out of businesses by disposing of what amounts to trillions of dollars of assets. Everything is going-from steel plants and phone companies . . . to hotels, restaurants, and nightclubs." This is an indication of:
A)the fact that governments can make more money by selling assets.
B)privatization is becoming a driving force for global marketing.
C)these businesses are considered as closed markets.
D)foreign companies are competing with governments.
E)there is less demand for these type of companies.

Question

Quizplus · Accepted Answer

The statement suggests that privatization is becoming a driving force in global markets as governments dispose of various assets, including steel plants and phone companies, to hotels, restaurants, and nightclubs. This implies that private companies are increasingly becoming involved in markets that were previously controlled by governments.

In Their Book, Daniel Yergin and Joseph Stanislaw Wrote "Governments