Question : Fill in the blanks-
_________ means the transfer of ownership, management, and control of public sector enterprises to private enterprises.
Option 1: Liberalisation
Option 2: Privatisation
Option 3: Globalisation
Option 4: None of the above.
Correct Answer:
Privatisation
Solution :
Privatization can suggest several things including the migration of something from the public sector to the private sector.
Privatization means the transfer of ownership, management, and control of public sector enterprises to private enterprises. Privatization can suggest several things including the migration of something from the public sector to the private sector.
Hence Option B is correct.