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Foreign Policy: 1965-1990s

What Is the D...

Question

What Is the Difference Between Liberalisation and Privatisation? F

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Solution

Liberalisation is the process of removal or relaxation of restrictions. It is generally applicable to an economic or political system.

Privatisation on the other hand is the process of converting a public sector company or enterprise into the private sector.

Also see:

MCQs on Liberalisation

MCQs on Globalisation

Advantages of Globalisation

Objectives of Privatisation

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