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State the meaning of 'Privatisation'. - Economics

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प्रश्न

State the meaning of 'Privatisation'.

थोडक्यात उत्तर

उत्तर

Privatisation is the process of allowing the private sector to own or operate a state-owned firm. It entails the progressive separation of government ownership and administration from PSU. The fundamental goals of privatization are to increase the efficiency, production, and profitability of PSUs.

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Privatisation
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2022-2023 (March) Delhi Set 2
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