1. Explain the difference between privatization and globalization.
Dear student,
Privatisation means transfer of ownership of public sector from the government to the private sector. It helps to remove managerial inefficiency of public sector.
Regards
Privatisation means transfer of ownership of public sector from the government to the private sector. It helps to remove managerial inefficiency of public sector.
while
Globalisation is a process of integration of an economy with the economies of the world. It increases interdependence between different countries.Regards