In the context of economic reforms, 'Disinvestment' involves:
A. Sale of government equity in public sector enterprises
B. Nationalisation of private firms
C. Complete closure of all public enterprises
D. Increasing government stake in public sector enterprises
Answer: Option A
Solution (By JKSSB Mock Tests)
Disinvestment refers to the sale of government-held shares in public sector enterprises to private investors or the public, thereby reducing the government's ownership stake.
Explanation:
Opportunity cost refers to the value of the next best alternative that is sacrificed when a choice is made. It is a fundamental concept in economics.
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