Think Critically (Business Economic Global Grade 11)

GLOBAL BUSINESS SPOTLIGHT PUBLIC SERVICES GOING PRIVATE In recent years, many countries was also very popular in the coun- have decided to let private com- tries of eastern Europe as they panies buy and operate various changed from command to market government-owned businesses. economies. For example, the Mexican govern- ment sold control of the country's Think Critically telephone company. airlines, and 1. What are some examples of banks to private companies. This privatization in your school or action helped to save the country community? tax dollars. The businesses also 2. What problems might be asso- became more profitable. Privatization ciated with privatization? / Check Point