1
Question
Privatisation is a ____________.
Privatisation is a ____________.
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Solution
The correct option is A Global phenomenon
Privatization is a global trend. Privatization can be defined as a
process of transferring of ownership or management of an enterprise
from public sector to private sector. It helps to increase the size and
dynamism of private sector. It also helps to reduce administrative
burdens on the public sector.
Privatization is a global trend. Privatization can be defined as a process of transferring of ownership or management of an enterprise from public sector to private sector. It helps to increase the size and dynamism of private sector. It also helps to reduce administrative burdens on the public sector.
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