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Change and Development in Industrial Society — Sociology STD 12 Humanities — Question

CBSE BoardEnglish MediumSTD 12 HumanitiesSociologyChange and Development in Industrial Society2 Marks
Question
Write a note on the process of disinvestment.
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Answer

Disinvestment:
  • A process in which the government tries to sell its share in several public sector companies.
  • Many government workers are scared to lose their jobs after disinvestment.
  • Example in the case of Modern Foods, which was the first company to be privatised. Workers were forced to retire in the first five years.

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