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Privatisation – I

Meaning of Privatisation The concept of privatization is used in a narrow as well as broader sense. In a narrow sense privatization means transfer of ownership from public sector [government owned enterprises] to private sector, where it is privately owned

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MEANING Economic Reforms are the measures which aim at radically changing the very basic character of the economy. It means a change from “regulated economy” to a “liberalized economy”. The State will no longer play the role of a “controller”

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