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Privatisation: Definition, Reasons, Merits & Demerits

Privatisation is a policy of the government created to afford individuals, corporate bodies, the opportunity to take over ownership and control of government enterprises, companies, etc.

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Autocracy | Definition, Features, Merits & Demerits

An autocracy is a government under the control of one person who usually achieved his position by force. It is a government of an absolute ruler. The autocratic state is a form of despotic or tyrannical rule. The autocratic state is also sometimes called the authoritarian state. it represents an attempt by the ruling classes to perpetuate their domination.

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