Question

why is privation of public facilities not advisable in a long run?
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Answer 1

Answer:

Explanation: look at the arguments for and against privatisation.

Privatisation involves selling state-owned assets to the private sector. It is argued the private sector tends to run a business more efficiently because of the profit motive. However, critics argue private firms can exploit their monopoly power and ignore wider social costs. Privatisation is often achieved through listing the new private company on the stock market. In the 1980s and 1990s, the UK privatised many previously state-owned industries such as BP, BT, British Airways, electricity companies, gas companies and rail network.

Answer 2

Answer:

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