The poor performance of state-owned enterprises in several Western democracies, due to protection from competition and guaranteed government financial support, led to:

c. Privatization

This is because privatization is the process of transferring ownership of a business, enterprise, agency, public service, or public property from the public sector, which is the government, to the private sector, which includes businesses and private individuals, or to private non-profit organizations. This is often done in an attempt to reduce government deficit, to achieve better efficiency due to competition in the private sector, and to provide the government with a one-time revenue boost.

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The poor performance of state-owned enterprises in several Western democracies, due to protection from competition and guaranteed government financial support, led to:

c. Privatization

This is because privatization is the process of transferring ownership of a business, enterprise, agency, public service, or public property from the public sector, which is the government, to the private sector, which includes businesses and private individuals, or to private non-profit organizations. This is often done in an attempt to reduce government deficit, to achieve better efficiency due to competition in the private sector, and to provide the government with a one-time revenue boost.

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The poor performance of state-owned enterprises in several Western democracies, due to protection from competition and guaranteed government financial support, led to:

c. Privatization

This is because privatization is the process of transferring ownership of a business, enterprise, agency, public service, or public property from the public sector, which is the government, to the private sector, which includes businesses and private individuals, or to private non-profit organizations. This is often done in an attempt to reduce government deficit, to achieve better efficiency due to competition in the private sector, and to provide the government with a one-time revenue boost.

In several Western democracies, the poor performance of state-owned enterprises, because of protection from competition and guaranteed government financial support, led to: Question 2 Select one: a. Liberalization b. Nationalization c. Privatization d. Socialization of production

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