causes of poverty. Privatization : Effect or cause?
Some comapnies are run by govt are sold to foreign investor.
The commodities or services provided by the companies are becoming costly. For example if government sold a gas plant then prices for gas in country rises.
Answers
Answer:
Inadequate access to clean water and nutritious food. ...
Little or no access to livelihoods or jobs. ...
Conflict. ...
Inequality. ...
Poor education. ...
Climate change. ...
Lack of infrastructure. ...
Limited capacity of the government.
privilisation
Definition: The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business.
The process in which a publicly-traded company is taken over by a few people is also called privatization. The stock of the company is no longer traded in the stock market and the general public is barred from holding stake in such a company. The company gives up the name 'limited' and starts using 'private limited' in its last name.
Description: Privatization is considered to bring more efficiency and objectivity to the company, something that a government company is not concerned about. India went for privatization in the historic reforms budget of 1991, also known as 'New Economic Policy or LPG policy'.