Liberalization and Privatization world wide seem to be associated with rising income inequality. The following points support the above statements.

A. Due to disinvestment people have lost their jobs
B. More and more companies reducing the number of permeant employers
C. Outsourcing and contracting is followed in all sectors
D. Job security is at threat due to increase in contractual work
E. Conspicuous consumption is on the size due to improvement in spending power

Choose the correct answer from the options given below:

A, B, C, D only

The correct answer is Option 1: A, B, C, D only

Let’s analyze the options:

• A. Due to disinvestment, people have lost their jobs: True. Privatization often leads to layoffs as private entities aim to streamline operations and cut costs.
• B. More and more companies reducing the number of permanent employees: True. Privatization favors flexible labor practices like hiring temporary or contract workers, reducing job security.
• C. Outsourcing and contracting is followed in all sectors: True. These practices are widespread under liberalized policies, benefiting corporations but creating unstable and lower-paying jobs.
• D. Job security is at threat due to an increase in contractual work: True. Contractual work, which lacks long-term benefits, exacerbates income inequality.
• E. Conspicuous consumption is on the rise due to improvement in spending power: False. This does not directly relate to rising income inequality; rather, it refers to increased consumerism among a specific group of people with rising incomes.