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What is Meant by ‘Privatisation’? - CBSE (Commerce) Class 12 - Business Studies

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Question

What is meant by ‘Privatisation’?

Solution

Privatisation refers to the process of gradual transfer of ownership or management from the state/public owned enterprises to individuals or private units i.e. from the public sector to the private sector enterprises

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Solution What is Meant by ‘Privatisation’? Concept: Levels of Management.
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