Advertisements
Advertisements
Question
Explain the following concept with example.
Privatisation
Solution
Privatisation is a process where services which were previously subject to government control were opened up for private service providers in fields like healthcare, insurance, radio, television, education etc. It is an allied process that accompanies globalisation.
Example: Allowing entry of private players in insurance sector. [LIC had monopoly till late 90s when the insurance sector was opened to the private sector.]
APPEARS IN
RELATED QUESTIONS
Correct the underlined word and complete the statement.
The LPG Policy was started by Smt. Indira Gandhi.
Write short note.
Characteristics of globalisation
State whether the following statement are true or false with reason.
There is only positive impact of globalisation.
State any one feature of Globalisation.
State whether the following statement is True or False with reason.
Globalization has created several problems.
Globalization is basically a ______ process.
Globalisation has increased competition among companies.
Correct the underlined word, complete and rewrite the statement:
Globalisation has made us independent.
Differentiate between:
Digitalisation and Globalisation
Briefly explain the following:
Globalisation
