Private ownership differs from state ownership in that in private ownership _____.

Question

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Private ownership means that the firm is owned by individuals or groups rather than the state. As a result, the primary objective of a private firm is to maximize profits, as opposed to protecting jobs or minimizing social unrest (B), which may be goals of a state-owned firm. Private ownership also means that the establishment of the firm is not determined by government officials and bureaucrats (C), and failing firms are not necessarily bailed out by taxpayer money (D).

Private Ownership Differs from State Ownership in That in Private