Question

Why had the government to divert itself towards ' privatizatin '​

Answer 1

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Privatization describes the process by which a piece of property or business goes from being owned by the government to being privately owned. It generally helps governments save money and increase efficiency, where private companies can move goods quicker and more efficiently.

Answer 2

Privatization is very beneficial for the growth and sustainability of the state-owned enterprises.

Privatization helps in building healthy competition in the market and also it brings lots of jobs.It also improves economy.