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Saturday, September 3, 2011

Industrial policy,privatization,Trade Union,ROM

Question: What is industrial policy?
Industrial policy contains the short term and long term principles, plans & directions fro industrial sector of a country. Industries of a country are bound to follow this policy.

Question: What is privatization?
Privatization is the process of selling government-owned industries factories etc. to  private sector parties

Question: What is Trade Union?
Trade union is an association of workers of an organization.

Question: What is ROM?
Read Only Memory.

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