The term disinvestment is related to :

Privatisation

The correct answer is option (3) : Privatisation

The term "disinvestment" is related to :

(3) Privatisation

• Disinvestment refers to the sale or transfer of government-owned or public-sector assets, including shares in state-owned enterprises, to private individuals or entities. This process is a component of privatization, where the government reduces its ownership or control over certain industries or businesses.

Globalization (1):

• Globalization refers to the process of increased interconnectedness and interdependence of countries, economies, and cultures on a global scale. It involves the free flow of goods, services, information, capital, and people across borders. Globalization aims to integrate economics and promote international trade and cooperation.

Liberalization (2) :

• Liberalization is the process of reducing government regulations and restrictions in various economic sectors. It aims to promote economic freedom and competition. In the context of economic liberalization, governments often remove barriers to trade, deregulate industries, and open up markets to private enterprise. Liberalization is often associated with the reduction of government control over various economic activities.

Modernization

• Modernization refers to the process of adopting new technologies, practices, and systems to bring about social and economic development. It often involves the transformation of traditional or outdated systems to more contemporary and efficient ones. Modernization can encompass changes in various aspects of society, such as technology, infrastructure, education, and governance.