do you think all the commodities production should be privatised
Answers
Answer:
No, the commodities production should not be privatised . The advantages of transferring government-owned assets to the private sector are increased efficiency and profits, largely because competition incentivizes innovation and improvement. The disadvantages of privatization are decreased regulation and government revenue.There are some people who believe that some, or all, public goods should be privatized. Typically, they make the case for the privatization of public goods based on two main arguments, namely the desire to eliminate the free rider problem and the introduction of competition to reduce price and increase efficiency.
No .
The privatisation of all commodities production will cause the complete loss of revenue for the government thus making it incapable of providing all the necessary essentials needed by the public. Therefore at least some amount of production must rest with the government.