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Question
What are the features of Privatisation?
What are the features of Privatisation?
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Solution
Elements of Privatization are:
Move of Ownership – In privatization, responsibility for the organization, undertaking, or property is moved to the private area.
Absence of Government Interference – Privatization decreases extravagance and obstruction of the state in the exercises of an organization.
Financial Democracy – Privatization weakens state restraining infrastructure and permits privately owned businesses to take part in monetary exercises all the more fairly.
Also see: What Led to LPG Reforms?
Stay tuned to BYJU’S to learn similar Commerce Questions.
Elements of Privatization are:
Move of Ownership – In privatization, responsibility for the organization, undertaking, or property is moved to the private area.
Absence of Government Interference – Privatization decreases extravagance and obstruction of the state in the exercises of an organization.
Financial Democracy – Privatization weakens state restraining infrastructure and permits privately owned businesses to take part in monetary exercises all the more fairly.
Also see: What Led to LPG Reforms?
Stay tuned to BYJU’S to learn similar Commerce Questions.
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