Meaning, reasons, advantages and disadvantages of privatization - SS3 Commerce Past Questions and Answers - page 1
1
What is the meaning of privatization?
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A
Transferring ownership from private to public sector
B
Introducing market competition in government-controlled entities
C
Transferring ownership from public to private sector
2
Why do governments opt for privatization?
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A
To reduce efficiency and effectiveness
B
To encourage economic liberalization
C
To increase public debt
3
What is one advantage of privatization?
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A
Increased government control over industries
B
Enhanced accountability and transparency
C
Lower consumer choices and competition
4
What is one disadvantage of privatization?
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A
Potential monopolies or oligopolies
B
Increased government involvement in industries
C
Reduced efficiency and productivity
5
What is the main reason for privatization?
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A
Increased government control over industries
B
Economic liberalization and growth
C
Reducing accountability and transparency
6
How does privatization contribute to efficiency and effectiveness?
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7
What are the potential social concerns associated with privatization?
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