What is privatisation? What are the various ways of privatisation? How is it different from nationalisation?

Solution

Privatisation:Privatisation implies shedding of ownership or management of a government owned enterprise. It is the transfer of a function, activity or organisation from the public sector to private sector.

Various ways of privatisation:There are two ways of privatisation:

(i) By withdrawal of the government from ownership and management of public sector companies and (ii) by outright sale of public sector companies.

Difference between privatisation and nationalisation:In privatisation, there is transfer of an organisation from government sector to private sector, whereas in nationalisation, there is transfer of an organisation from private sector to public sector.

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

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Liberalisation, Privatisation And Globalisation : An Appraisal

What is privatisation? What are the various ways of privatisation? How is it different from nationalisation?

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

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