Question

Diffrenetiate between Liberalization and Privatization.

Answer 1

$\huge{\bf{ \red {\fbox{\underline{ \color{blue}{HEY\: MATE}}}}}}$

✔️✔️✔️$<b>Answer$✔️✔️✔️

Liberalization is the removal or loosening of restrictions on something, typically an economic or political system.Privatization is the process of transferring an enterprise or industry from the public sector to the private sector.
●▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬●





●▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬●

$<b><marquee>$

●▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬●

$\huge{\bf{\blue {\fbox{\underline{\color{orange}{HELP.....YOU}}}}}}$
●▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬●
●▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬●
$\mathbb{\huge{\green{Please\: Follow\:Me!!}}}$

Answer 2

Privatization:

It is defined as the transfer of control of ownership of all economic resources from public sector to government sector. British airways and Malaysian universities are best examples of privatization.  

Liberalization:

Liberalization is defined as the elimination of state control over the economic activities. It shows the situation in which businessmen can take their own decisions without interference of government.