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Economics

What is privatisation, globalisation and liberalization ... And also for each one any example also pls

Balachandar S

CA Inter

★ 59K+

15-Sep-21 16:29

293

Answers (1)

Privatisation - Increasing role of private sector companies and the reduced role of public sector (govt. run) companies. Ex: disinvestment by govt., govt ownership transferred to private sector players Globalisation - integrate the economy of one country with the global economy, turning world into one large economy. Ex: Outsourcing of businesses across countries, BPOs Liberilisation - Removing restrictions or loosening govt. control on various issues of business. Ex: removing requirement of license from govt.