MP Board · Class 11 · Economics · Liberalisation, Privatisation and GlobalisationOutsourcing is an outcome of which of the following economic processes?
Step-by-Step Solution
Outsourcing has become a prominent outcome of globalisation, where companies hire regular services from external sources, often from other countries.
Detailed Options Breakdown
Option : Liberalisation
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
Option 1: Privatisation
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
Option 2: Globalisation (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Nationalisation
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Liberalisation, Privatisation and Globalisation.
💡 Study Guide: This question tests core syllabus concepts from Liberalisation, Privatisation and Globalisation. For formulas, key summaries, and mock exam reference guides, read the full Liberalisation, Privatisation and Globalisation Revision Notes.