Economics · Privatisation and Economic Reforms
Privatisation in an economy typically involves: 1. Transfer of ownership/management from public to private hands. 2. Reduction in direct state control over economic activities. 3. Opening the economy to foreign competition through trade relaxation. Which of the above options primarily define 'Privatisation' as distinct from Globalisation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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