Giving public sector to private sector is correct or not. Give reason.
Answers
Answer:
Both the public and private sector have a role to play. For general businesses without externalities, the private sector is likely to be more efficient and better at job creation. Reducing the scope of government spending could create more private sector opportunities for investment and job creation.
Answer:
NO, it not correct
Explanation:
As privatization means, giving decisions makes control to the private player instead of a government body. The country like India the main concern of working people is job safety that is going to be a secondary point for private owners their sole purpose is production at any cost.
Psu's are the profit-making companies so instead of privatization government should focus on improving the working condition as well as providing better resources to work efficiently.
Most of the government companies run their social programme for the welfare of nearby underprivileged society, in case of the private sector they did not care much.
PSU controls some of the important supply of resources like oil, power, steel etc. That should be controlled better by the government keeping in mind the last person of every society.
The government can easily collaborate with foreign technologies and working culture as a gesture of their good relation but in case of the private sector, they had to pay some price which will further be compensated by our middle-class population in terms of price.
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