difrence between privatization & librelization?
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Explanation:
When a few drops of ink is added to the water, it evenly spreads throughout the water, thereby turning it into a blue coloured solution. This happens due to the principle of diffusion. According to the principle of diffusion, substances move from a region of higher concentration to a region of lower concentration.
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Privatisation means transfer ofownership of public sector from the government to the private sector. It helps to remove managerial inefficiency of public sector.Globalisation is a process ofintegration of an economy with the economies of the world. It increases interdependence between different countries.
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