Chapter 10: Contemporary Issues

Very Short Question Answer 1.Define the meaning of privatization. Privatization means the transfer of government assets and activities to the private sector. In other words, it is the involvement of private sector in the management of the public enterprise, or to sell, or lease it, or transfer government ownership to private ownership. 2. Define the […]

Chapter 7: Asian And Global Environment

Very Short Answer Question 1. Define globalization. Globalization can be defined as the free flow of goods and services, human resources, capital and information beyond the national borders. The driving factors for the globalization are transportation and communication infrastructure. It is the process of transformation of local phenomena into global ones. 2. What do you […]