Government promotion of privatisation over nationalisation

Steps:

• Define nationalisation as government seizure of private assets for public control; no full seizure occurs here.
• Define privatisation as transferring state assets to private or foreign ownership; encouraging foreign investment aligns with this.
• Analyze actions: allowing business failure supports free-market privatisation; takeover may aid restructuring; foreign investment directly promotes private sector involvement.
• Conclude overall policy favors privatisation, which occurred.

Why B is correct:

• Privatisation ✓ as foreign investment encouragement transfers control to external entities, per economic definition of denationalizing assets.

Why the others are wrong:

• A: Incorrectly marks nationalisation ✓, but no evidence of asset seizure.
• C: Falsely claims privatisation ✗ despite investment promotion.
• D: Wrongly states action not occurred, ignoring clear interventions.

Final answer: B