Why some ministers want to privatise some business in the public sector
Answers
Answered by
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Because Privatized Business have better management hence reduced continued losses that might have occurred or reduce embezzlement and mismanagement of fund rampant in public companies.
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The ministers want to privatize some business in the public sector since it would initiate better management facilities with the specialized and technical workforce. It would be more effective to be operating through private organizations and be away from political hierarchies.
Explanation:
- Private companies can offer wider experience in providing services according to the global trading environment.
- The changes in the dynamic markets have made is it necessary for the government sectors to look at more opportunities in the competitive world of trading.
- This can be more effective through the privatization of the business sectors.
- There are more resources available for investing in the infrastructure for helping with trading.
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