Using markets instead of government policy to solve social problems is called:
ACollectivisation
BMarketisation
CNationalisation
DCentralisation
Answer & Solution
Correct answer: B. Marketisation
1. It includes deregulation and privatisation.
2. This is marketisation.
3. Advocates say private industry is more efficient.
_Source: NCERT Class 12 Indian Society, Chapter 4, The Market as a Social Institution._
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