Question

difference between globalisation and privatization​

Answer 1

Privatisation means transfer of ownership of public sector from the government to the private sector. It helps to remove managerial inefficiency of public sector. Globalisation is a process of integration of an economy with the economies of the world. It increases interdependence between different countries.

Answer 2

Privatisation means transfer of ownership of public sector from the government to the private sector. It helps to remove managerial inefficiency of public sector. Globalisation is a process of integration of an economy with the economies of the world. It increases interdependence between different countries.

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