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saw5 [17]
2 years ago
3

In several western democracies, the poor performance of state-owned enterprises, because of protection from competition and guar

anteed government financial support, led to:________
Social Studies
1 answer:
katrin2010 [14]2 years ago
4 0

privatization

In several western democracies, the poor performance of state-owned enterprises led to privatisation because of protection from competition and guaranteed government financial support.

The term "privatization" refers most frequently to the transfer of a good or service from the public to the private sectors. A government-owned enterprise, activity, or piece of real estate is said to have been privatized when it is acquired by a private, non-governmental party. A shift from being publicly traded to privately held may also be referred to as privatization. There are various methods for privatizing individual government functions, but in general, the government transfers control of particular buildings or operational procedures to a private, profit-oriented enterprise.

Learn more about State-owned Enterprises here:

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