Which of the following stands for transfer of ownership from public to private hands?

Globalisation

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Privatisation

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Liberalisation

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Socialism

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Solution

The correct option is B Privatisation
Privatisation can refer to the act of transferring ownership of specified property or business operations from a government organisation to a privately owned entity, as well as the transition of ownership from a publicly traded, or owned, company to a privately owned company.

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Similar questions

List I	List II
(P) Process of eliminating unnecessary control for smooth functioning of business enterprises	1. Globalization
(Q) Transfer of ownership of an enterprise from the public sector to the private sector	2. Liberalization
(R) Cross border transactions in goods and services and international capital follows.	3. Privatization
	4. Demonetization

In which of these systems is a facility built by a private enterprise leased to the government for a period, before transferring ownership?

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