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Define privatisation. - Economic Applications

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प्रश्न

Define privatisation.

What is meant by privatisation of public sector units?

व्याख्या
अति संक्षिप्त उत्तर
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उत्तर १

Privatisation means the introduction of private ownership and management in the public sector.

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उत्तर २

Privatisation is any process that reduces the state or public sector’s participation in a country’s economic activities, implying a greater role for private capital and enterprise.

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Notes

Students should refer to the answer according to the question.

Privatization of Public Enterprises
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 6: The State and Economic Development - QUESTIONS [पृष्ठ १६७]

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