Definition of Privatisation Etymology The Economist magazine introduced the term in the 1930s in covering Nazi German economic policy. History The history of privatization dates from Ancient Greece, when governments contracted out almost everything to the private sector. In the…
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INTRODUCTION TO ECONOMICS – II
SOME IMPORTANT DEFINITIONS OF ECONOMICS: Economics has been defined in different ways by different economists.Some of the differences may reflect evolving views of the subject or different views among economists. I] The classical definition- The philosopher Adam Smith, the father…