Question

Several years ago, the nation of Equalia had a government-owned telecommunication system that lagged far behind other nations. In several rural areas, there was only a single landline phone for an entire village. The taxes collected for the purpose of maintaining the telephone system were very meager, so the notion of expanding service was almost impossible. The government of Equalia decided to sell the phone company to a private firm. The private firm expanded rapidly. It reported that even poor consumers were willing to pay for a private landline. This government decision and subsequent sale demonstrates move toward _______

Answer 1

Answer:

This government decision and subsequent sales demonstrates a move towards capitalism.

Explanation:

• The government there before cared about the welfare of the citizens and at the same time overlooking its effect on the economy of the country.
• When, they decided to sell the phone company to a private investor, the privatized a public institution.
• The aim was now, getting the phone working optimum while also getting profit, and hence economic growth.