merits of privatisation economics
Answers
Explanation:
Advantages of Privatization
1. Financial Resources
2. Optimum Utilisation of Resources
3. Fostering Competition
4. Reduce Fiscal Burden
5. Economic Democracy
6. Better Industrial Relations
7. Reduction in Political Interferences
8. Reduction in Bureaucracy
9. More Productivity
10. Economical
11. Individual Motivation
Disadvantages of Privatization
1. Problem of Price
2. Opposition from Employees
3. Problem of Finance
4. Improper Working
5. Interdependence on Government
6. High-Cost Economy
7. Concentration of Economic Power
8. Bad Industrial Relations
9. Widespread Sickness
10. No Guarantee of Success
11. Ambulance Development.
Answer:
Advantages of Privatization
1. Financial Resources
2. Optimum Utilisation of Resources
3. Fostering Competition
4. Reduce Fiscal Burden
5. Economic Democracy
6. Better Industrial Relations
7. Reduction in Political Interferences
8. Reduction in Bureaucracy
9. More Productivity
10. Economical
11. Individual Motivation
Disadvantages of Privatization
1. Problem of Price
2. Opposition from Employees
3. Problem of Finance
4. Improper Working
5. Interdependence on Government
6. High-Cost Economy
7. Concentration of Economic Power
8. Bad Industrial Relations
9. Widespread Sickness
10. No Guarantee of Success
11. Ambulance Development.
Explanation: