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Reduction in the role of public sector is due to __________
  • a)
    Political Environment
  • b)
    Privatisation
  • c)
    Globalisation
  • d)
    Liberalisation
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Reduction in the role of public sector is due to __________a)Political...
Privatization means conversion of public sector enterprises into private ownership by selling the shares of the company to private person or an organization, which means the shares cannot be sold to the public.
As the control and management transferred to private ownership, the role of public sector is reduced.
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Reduction in the role of public sector is due to __________a)Political Environmentb)Privatisationc)Globalisationd)LiberalisationCorrect answer is option 'B'. Can you explain this answer?
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