In the last half of the twentieth century, Britain's Conservative Party sold state-owned enterprises to individual investors in order to create a free market economy. What process was Britain using to create this economy?

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13 June, 03:45

In the last half of the twentieth century, Britain's Conservative Party sold state-owned enterprises to individual investors in order to create a free market economy. What process was Britain using to create this economy?

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Answers (2)

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Derrick Small · Answer 1

Privatization

Explanation:

The process of selling state (government) owned enterprises to individual investors by the British Conservative Party in the last half of the twentieth century is known as privatization.

Privatization (in this instance) is the transfer of ownership of government owned businesses to private businessmen by the government at the helm of affairs for a fee.

Losses, poor business management skills, rising government expenditures such as subsidies etc. are some of the reasons governments embark on the privatization process.

Governments sometimes, can be such terrible business managers hence privatization which creates a free market economy also known as capitalism.

Royce Barker · Answer 2

Privatization

Explanation:

Privatization is a process in which the government sells companies it owns to private investors. This allows the industry to become less regulated as it has less government control which contributes to have a free market which is a system that has little or no control by the government. According to this, the process that Britain was using to create this economy is privatization.