Question

Difference between liberalisation and privatisation

Answer 1

Answer:

Explanation:

Privatisation: Privatisation, in simple terms, means encouraging the private sector into various businesses which have been held by the government in the past.

Example: Electricity Companies were previously owned by the government, now we see Tata Power and Reliance Power. So we would say that there has been Privatisation in the area of electricity.

Liberalisation: Privatisation leads to liberalistaion. Liberalisation is the process where government makes policies in order to help the private organisation.