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explain privatisation for 6 marks

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explain privatisation for 6 marks

Posted by Khushi Singh 5 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Mehak Kaur 5 years, 11 months ago

This is the second of the three policies of LPG. It is the increment of the dominating role of private sector companies and the reduced role of public sector companies. In other words, it is the reduction of ownership of the management of a government-owned enterprise. Government companies can be converted into private companies in two ways: By disinvestment By withdrawal of governmental ownership and management of public sector companies.

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