Question

mention benefit and limitation of private relation​

Answer 1

Answer:

privatization:-

advantages:-

• privatization increased the number of production units in industrial sector.
• It increased production of industries that were either capital intensive of produced consumable goods.
• Efficiency of public sector improved due to privatisation of public sector Enterprise.

Disadvantages:-

• privatization lead to centralisation of economic power. this resulted in the Rise of Evil of monopoly.
• Privatization majorly helped the large scale industries of cottage industry did not get much help from privatization.
• Privatisation could not control prices. this lead to the problem of price rise.