Question

1. The entry of private sector in
public sector is called:

(a) Liberalization

(b) Privatization fötilado

(c) Economic Liberalization

(d) Globalization ​

Answer 1

(b) privatization fotilado

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Answer 2

The entry of private sector in public sector is called privatization.

• There are two types of ownership of a sector, which are - 1) Government ownership and 2) Private ownership.
• When a sector with government ownership is transferred to a private ownership, a change of the type of the ownership takes place.
• This change of the type of the ownership (from government to private) is popularly known as the privatization.
• This privatization has it's own pros and cons.