refers to the process of transferring involving the private sector in the ownership management and ...........

________ refers to the process of transferring/involving the private sector in the ownership, management and control of public sector enterprises. ( Fill in the blank with correct alternative)

Liberalisation

Privatisation

Globalisation

None of the above

Explanation:

- Privatisation: Refers to transferring ownership, management, and control from the public sector to the private sector. It aims to increase efficiency by introducing competitive market forces and private ownership.

- Liberalisation: Involves removing restrictions to encourage economic growth, such as reducing tariffs and regulations. It is not specifically about ownership transfer but focuses on opening the market to more participants.

- Globalisation: Refers to the process of integrating economies worldwide through trade, investment, and cultural exchange. It involves connecting with international markets rather than transferring ownership.