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| Privatisation | Globalisation |
| 1. Privatisation refers to including private ownership in publicly owned enterprises. | 1. Globalisation refers to the process of development of the world into a single integrated economic unit. |
| 2. It leads to the transfer of ownership, management, and control to the private sector. | 2. It involves the removal of quotas, tariffs, etc. to facilitate greater mobility of factors and goods. |
| 3. It takes place within the country. | 3. It takes place all over the world. |
| 4. By privatisation the country is benefited. | 4. By globalisation the whole world is benefited. |
| 5. It helps the country’s economy to grow. | 5. It helps the world as a whole to grow. |
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