“Indian Government has diluted its stake in public enterprises: this
statement is related to which concept?
(a) Globalization
(b) Privatization
(c) liberation
(d)all of abve
Answers
Answer:
Globalization
Explanation:
the answer is Globalization
Answer:
(a) Globalization is the correct answer
Explanation:
The government would ensure that its influence is not diminished after reducing its ownership of public sector enterprises (PSUs) to below 51%, according to Finance Minister Nirmala Sitharaman.
Globalization:
The contact and integration of people, businesses, and governments around the globe are known as globalisation (Commonwealth English; see spelling variations). Since the 18th century, globalisation has increased due to advancements in communications and transportation technologies. Expanding international trade and sharing ideas, beliefs, and cultures increase global relationships. The main function of globalisation is an economic process of connection and integration with social and cultural components. However, the history of globalisation and contemporary globalisation both include significant disagreements and international diplomacy.
Globalization affects the economy regarding commodities, services, information, technology, and financial resources.
The opening of new international marketplaces has liberalised trade in products and money. The possibility of creating global marketplaces has increased with the removal of trade obstacles. Major contributors to globalisation and the further interdependence of economic and cultural activities around the world are developments in telecommunication infrastructure, such as the telegraph, Internet, mobile phones, and smartphones, as well as advances in transportation, such as the steam locomotive, steamship, jet engine, and container ships.
Generally, globalisation is "Free foreign trade & investment with certain agreed norms."
It is a process of international and regional integrity by exchanging views, ideas, goods and many cultural aspects. Its main objective is to make the world more prosperous and stable in all dimensions.
Globalization has both positive as well as negative effects. The main effects are:
(1) On an individual level, globalization affects the standard of living and the quality of life.
(2) Globalization affects an organization's product life cycle and balance sheet on a business level.
(3) Globalization also affects how governments worldwide create policies affecting areas such as monetary regulation and trade.
learn more about it
https://brainly.in/question/28436682
https://brainly.in/question/3548484