Governments lower their holdings of assets through privatisation. They raise their holdings of assets through nationalisations. The diagram illustrates worldwide sales of state-owned assets and worldwide government purchases of private stock between 1988 and 2013 in US$ billion. What conclusion can be drawn from the diagram?
- ABy the end of the period the private sector owned more assets than the state sector.
- BOver the period governments raised more revenue from privatisations than they spent on nationalisations.
- CThe first year in which nationalisations exceeded privatisations was 2007.
- DThe greatest annual increase in government ownership of assets was in 2009.