question archive _____ involves removing legal restrictions to the free play of markets, the establishment of private enterprises, and the manner in which private enterprises operate A) Privatization B) Developing command economy C) Deregulation D) Globalization
_____ involves removing legal restrictions to the free play of markets, the establishment of private enterprises, and the manner in which private enterprises operate A) Privatization B) Developing command economy C) Deregulation D) Globalization
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_____ involves removing legal restrictions to the free play of markets, the establishment of private enterprises, and the manner in which private enterprises operate
A) Privatization
B) Developing command economy
C) Deregulation
D) Globalization
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The answer is A) Privatization. The fact set outlines a clear definition of this term. Rationale as to why the other answer choices are erroneous is outlined below.
- B describes a government controlled economy, which is the opposite of privatization.
- C describes a process of diminishing government-imposed rules and regulations. It can accompany a push toward greater privatization, but, it in itself, does not represent privatization.
- D is a term used to describe a trend of greater international commerce and integrated economies.
