Question

What was once considered the ideal engine for economic growth, but resulted in inflated public-sector bureaucracies and inefficient public companies

Answer 1

Answer: state ownership

Explanation:

State ownership was once considered the ideal engine for economic growth, but resulted in inflated public-sector bureaucracies and inefficient public companies.

In state owned enterprises, there are inefficiencies among the employees as they don't really strive to achieve their goals unlike those that works in private establishments who are more serious with their work.