Business Studies, asked by vanessampala, 1 year ago

do you agree with the view that the public sector always produces goods and services more efficiently than private businesses?
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Answered by prakashsatya10
0
Why today Reliance Mukesh Ambani, kingfisher Vijay Mallya, Rajesh Exports etc. Became billionaires in a country where many people lack basic resources and die of hunger daily?

Privatization is a concept of exploiting middle class and poor people of India. They will suck the blood of the innocent like leeches. They are paid minimum wages and will be thrown out if they fail to perform at their later stages of life without providing any compensation.

From outside, people may feel like the private sector making profits. But it is at the cost of exploiting the innocent. Many people prefer to work in private sectors if they fail to get a job in PSU/Govt sector.

How are the working conditions of Reliance Oil Refineries or Jamshedpur Tata Steel plant or any private mining areas when compared to the government sector? No one cares about the worker even if he dies.

Unfortunately, The culture in PSUs is also getting degraded day by day. Public sectors reduced the recruitment of permanent workers. They also started exploiting the contract workers by giving fewer wages without any increments.

In a democratic country like India, people should realize that natural resources like oil, steel, coal etc are the assets of every individual in this nation. Ideally, the profits accrued by private PSU's should be distributed to the public in the form of dividends.

I would request the government not to privatize any PSU further. Rather try to adopt techniques to improve the working conditions which makes the employee more efficient. Govt should bring transparency and accountability in the systems. Every citizen should feel proud to be a part of a PSU employee.
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Answered by Anonymous
2

no they don't do it every time because obviously if public sector had worked so efficiently than our country would have been a lot more successful than it is now....

private sector indeed have best quality of products because they want to make profit... so they will do anything to please the public

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