In their book,Daniel Yergin and Joseph Stanislaw wrote "It is the greatest sale in the history of the world.Governments are getting out of businesses by disposing of what amounts to trillions of dollars of assets.Everything is going-from steel plants and phone companies ...to hotels,restaurants,and nightclubs." This is an indication of:
A) the fact that governments can make more money by selling assets.
B) privatization is becoming a driving force for global marketing.
C) these businesses are considered as closed markets.
D) foreign companies are competing with governments.
E) there is less demand for these type of companies.

Question

Quizplus · Accepted Answer

The quote is referring to the global trend of privatization, where governments are selling off their assets and businesses to private companies. This suggests that privatization is becoming a driving force for the global market.

In Their Book,Daniel Yergin and Joseph Stanislaw Wrote "It Is