Question

mention the outcomes of nationalization and socialization in zulifkar ali bhutto regime

Answer 1

The policy of nationalization and socialization enacted by  Zulifkar Ali Bhutto had both positive and negative impacts on the economy of Pakistan. The following are the positive and negative outcomes of the policies:

Positive outcomes:

1. It improved the labor-management relations.

2. Due to these policies, more facilities and amenities were provided to labor.

3. The production level increased drastically. This situation ended the monopoly in the market.

Negative outcomes:

1. Due to the government's intervention in the economic affairs of the country inflation touched high records.

2. The high fiscal deficit and massive bank financing, a quantum leap in the unit expense of imports added to inflation as a cost-push cause.

Answer 2

Answer:

nationalization means the establishment of public ownership over the principal means of production .the government takes over control over an industry or an organisation.

socialization means the process beginning during childhood by which individuals acquire the values, habits, and attitude of a society

Explanation:

Positive outcomes of nationalization are:

1. To oppose the demands of labor in every case to safeguard the owners interests and to keep their own position absolutely safe and clear.
2. to improve the technical efficiency and lowering the cost of production.
3. to prosper and cooperation to all.
4. increased earning revenue easily and without extra cost .
5. control over prices of war supplies.

negative outcomes of nationalization are:

1. lack of individual initiative.
2. lack of freedom.
3. lack of spirit of competition
4. rigid routine and a dead uniformity
5. less intervention of public in economic affairs.

positive outcomes of socialization are:

1. socializing can help you succeed in the cooperate world.
2. it help you with finding a partner.
3. it can help you in case of emergency
4. it may help you to deal with your emotions

negative outcomes of socialization are:

1. it takes plenty of time.
2. it can prevent you from achieving your goals in life.
3. it may prevent you to develop your own character
4. it can be costly

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