What do you mean by privatisation? Mention four merits of it?
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14
Answer:
It means a transfer of ownership, management, and control of public sector enterprises to the private sector.
1. Improved performance and customer experience.
2. Political does not interfere.
3. Short term outlook.
4. Encourage shareholders to invest because of return.
5. Increased competition.
Answered by
1
Answer:
privatisation is the process of transferring and enterprize or industry from the public sector to the private sector...
merits of privatisation:
★improve maintenance
★improve service quality
★increase flexibiliy
★increase innovation
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