Question

Short Descriptions: In two to three coherent sentences, explain and/or define each of the following concepts:

A- Dirigisme

B- Privatization

C- Mitbestimmung

Answer 1

A - A system in which government hwve lot of control over a country's economy

B - Transferring industry or enterprises from public sector to private sector. In other words a public traded company is taken over by a few people .

C- It is a german word which means co- determination ,which means including of workers in the management of the company they work for. To reduce the labour- management conflict and to have a improvised wnd systematic channel of communication.