What is the difference between liberalisation and privatisation . (i want atleast 5 points of difference)
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Answered by
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Hiiii…….
This is the answer of ur question……
PRIVATISATION:
~It is the transfer of control of ownership of economic resources from the public
sector to the private sector.
~It is the opening of an industry that has been reserved for public sector to the private sector.
~It means replacing government monopolies with the competitive pressures of the marketplace to encourage efficiency, quality and innovation in the delivery of goods and services.
~It also helps in the industrial growth.
~It increase the foreign investment.
LIBERALISATION:
$ It refers to the freedom of the economy from direct or physical controls (such as price control,import license) imposed by the government.
$ It refers to a gradual move from a planned socialist economy towards a market economy.
$ This was to be done internally by introducing reforms in the real and financial sectors of the economy and externally by relaxing state control on foreign investments and trade.
$ It also helps in checking corruption .
$ It increases the consumption and control over price .
This is the answer of ur question……
PRIVATISATION:
~It is the transfer of control of ownership of economic resources from the public
sector to the private sector.
~It is the opening of an industry that has been reserved for public sector to the private sector.
~It means replacing government monopolies with the competitive pressures of the marketplace to encourage efficiency, quality and innovation in the delivery of goods and services.
~It also helps in the industrial growth.
~It increase the foreign investment.
LIBERALISATION:
$ It refers to the freedom of the economy from direct or physical controls (such as price control,import license) imposed by the government.
$ It refers to a gradual move from a planned socialist economy towards a market economy.
$ This was to be done internally by introducing reforms in the real and financial sectors of the economy and externally by relaxing state control on foreign investments and trade.
$ It also helps in checking corruption .
$ It increases the consumption and control over price .
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Answered by
0
The difference between liberalization and privatization
- Liberalization refers to the removal of government restrictions and regulations on businesses and industries, allowing them to operate freely in the market. It is aimed at increasing competition, promoting economic growth and improving efficiency.
- Privatization refers to the transfer of ownership and control of a state-owned asset or enterprise from the government to the private sector. The government divests its ownership stake in the enterprise and transfers control to private individuals or companies. The goal of privatization is to improve efficiency and profitability, reduce government spending and increase competition.
- liberalization is about removing restrictions on businesses and industries, while privatization is about transferring ownership and control of a state-owned asset or enterprise from the government to the private sector.
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