Please tell me points of merits and demerits of privatization
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. Independence 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:
Hola!
here is your answer mate______☺️
Merits of prevatization are:
- Financial resources
- Economic democracy
- Better industrial relations
- More Productivity
- Individual motivation
Demirits of prevatization are:
- Problem of price
- Problem of Finance
- Improper working
- High cost Economy
- No guarantee of success
Hope it helps you
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