ECONOMIC LIBERALIZATION AND GLOBALIZATION. — Social Science STD 10 — Question
Gujarat BoardEnglish MediumSTD 10Social ScienceECONOMIC LIBERALIZATION AND GLOBALIZATION.2 Marks
Question
Mention the methods of Privatization.
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Answer
Privatization means transfer of ownership and management of industrial units, under state control to the private sector.
Methods:
The areas allotted to the public sector were opened for the private sector.
It was done by allowing state owned companies to be managed by private sector or state units were allowed private ownership but were managed by the state.
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