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| What do you understand with the term " Privatisation"? |
It means shedding of the ownership or management of a government owned enterprise. It means that the prices would be influenced by the market forces of demand and supply. It implies that private sector withdraws its ownership from the public sector None of the above |
| It means shedding of the ownership or management of a government owned enterprise. |
| Privatisation implies shedding of the ownership or management of a government owned enterprise. Government companies are converted into private companies in two ways (i) by withdrawal of the government from ownership and management of public sector companies and or (ii) by outright sale of public sector companies. |
