Meaning, reasons, advantages and disadvantages of privatization - SS3 Commerce Past Questions and Answers - page 1
What is the meaning of privatization?
Transferring ownership from private to public sector
Introducing market competition in government-controlled entities
Transferring ownership from public to private sector
Share this question
Why do governments opt for privatization?
To reduce efficiency and effectiveness
To encourage economic liberalization
To increase public debt
Share this question
What is one advantage of privatization?
Increased government control over industries
Enhanced accountability and transparency
Lower consumer choices and competition
Share this question
What is one disadvantage of privatization?
Potential monopolies or oligopolies
Increased government involvement in industries
Reduced efficiency and productivity
Share this question
What is the main reason for privatization?
Increased government control over industries
Economic liberalization and growth
Reducing accountability and transparency
Share this question
How does privatization contribute to efficiency and effectiveness?
Share this question
What are the potential social concerns associated with privatization?
Share this question