Question

Privatization is the transformation of public sector into private sector either fully or partially. (State with reason whether the given statement is true or false)

Answer 1

Answer:

True because privatization means give a greater role to private sector in nation building process

Explanation:

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Answer 2

Answer:

Privatization is the transformation of public sector into private sector. This can also be done partially as observed before where the government reserves some rights on the privatised assets in a ownership that non-controlling in nature. This can often be done for political purposes or increasing efficiency in economic status and generating government revenues. Full privatisation leads to no government ownership at all.