Question

With globalization and privatization large number of jobs are created in __________ sector.

Answer 1

Answer:

private sector

Explanation:

It leads to the introduction of MNCs which bring in a lot of job .

Answer 2

With globalization and privatization large number of jobs are created in private sector.

• It is the broad process of bringing in the private sector to run or operate a state-owned business. Globalization is a process that is linked to rising openness, expanding economic interdependence, and increasing levels of economic integration in the global economy. The GDP of the nation increased significantly as a result of privatisation, imported advanced technology, tax cuts, and the elimination of industrial licencing.
• Before the new economic policy was implemented, the unemployment rate was high.
• As a result of the rise in production and decrease in costs, privatisation has both good and negative effects on employment, resulting in both unemployment and joblessness. However, because of privatisation, employment prospects have increased.
• Therefore, the progress of the globalisation of corporate capital depends on the promotion of the private sector. Services provided by the privatisation strategy Privatization serves numerous purposes as a strategic tool of globalisation to further the globalisation of capital.
• Once privatised, companies like Costco and Walmart were able to sell alcohol to the general public. The state stopped receiving any money from the selling of alcoholic beverages and all previously state-run outlets were either sold to private owners or shut down.

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