Advertisements
Advertisements
Question
What is Privatization?
Solution
The transfer of ownership, management, and control of a public sector firm to the private sector is referred to as privatisation. The government transfers ownership of a government enterprise to private players in this manner. The primary goal of privatisation is to make use of privately owned resources for the benefit of the general public.
APPEARS IN
RELATED QUESTIONS
The policy of converting public ownership of an asset to private ownership is ______.
State three reasons why privatization is not always desirable.
Mention two important differences between Public Sector and Private Sector.
Explain any two reasons for privatisation.
What is meant by the Privatisation of public sector industries?
Identify the reason for privatisation:
Give two reasons for privatisation of public sector units in India.
Define privatisation.
List three ways in which the government can undertake privatisation.
Citing reasons state the superiority of Public sector over privatization.
