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Question
______ which has become a universal trend,means transfer of ownership and/or management of an enterprise from the public sector to the private sector.
______ which has become a universal trend,means transfer of ownership and/or management of an enterprise from the public sector to the private sector.
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Solution
The correct option is B Privatization
Privatization refers
to giving greater role to private sector and reducing the role of public sector
through disinvestment of public sector and dilution of stake of the government.
Privatization results in better economic development due to more resources from
private sector, better management due high competition in private sector and
encouragement of entrepreneurial skills into the individual.
Privatization refers to giving greater role to private sector and reducing the role of public sector through disinvestment of public sector and dilution of stake of the government. Privatization results in better economic development due to more resources from private sector, better management due high competition in private sector and encouragement of entrepreneurial skills into the individual.
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