Question

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_____?

1) the fact that governments can make more money by selling assets.2) privatization is becoming a driving force for global marketing.(correct)3) these businesses are considered as closed markets.4) foreign companies are competing with governments.5) there is less demand for these type of companies.

Answer 1

2) privatization is becoming a driving force for global marketing.

Step-by-step explanation:

Privatization refers to the step in economy where all the industries which were under the authorization of government license are now available for private sector.

That means all the people in private sector, that is private or public companies can run the same business, and are allowed not to involve any government body in such sector anymore, as there is no compulsion.

Also provided when this privatization happened companies tend to grow the performance in economy, as sales increased for each privatized item, and the sector is now growing rapidly.

Therefore, statement 2 is correct.