When a state owned enterprise is given in private hands, it is known as _____.

Liberalisation

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Globalisation

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Privatisation

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Transformation

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Solution

The correct option is C Privatisation
Privatisation is the purchase of all the outstanding shares of a publicly traded company by private investors. Hence, when a state owned enterprise is given in private hands, it is known as privatisation.

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A mixed economy is an economic system combining private and state enterprise.

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