Question

India has a long tradition of government planning, but the degree of government intervention in the economy has been reduced in the last two decades Privatisation started in 1991, with the creation and sale of a small number of shares in some SOEs. This process speeded up in the first decade of the 2000s. It slowed down in the second decade, but there was still some debate about whether a number of state-run enterprises, including the national airline, Air India, should be transferred from the private to the public sector. Explain one reason for better performance of
a firm when a it is in the private sector
b it is in the public sector ​

Answer 1

Answer:

The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. Therefore, it encompasses all for-profit businesses that are not owned or operated by the government. Companies and corporations that are government run are part of what is known as the public sector, while charities and other nonprofit organizations are part of the voluntary sector.

Explanation:

Answer 2

A


The reason is really simple that in the private sector don’t delay the the process making any goods and services where as public sectors tends to delay them. The marketing and advertising techniques of private sector are implied by the specialist team of people so they improve the business strategies whereas in public sector corruption is lot so the politicians who have no knowledge in business and marketing strategies will take place and their will be no improvement in business strategies for any profit making