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Question
The word 'Privatisation' is invented by__________.
The word 'Privatisation' is invented by__________.
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Solution
The correct option is B Peter F. Drucker
The word 'Privatization' is invented by Peter F. Drucker. 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.
The word 'Privatization' is invented by Peter F. Drucker. 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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