Privatisation: Advantages of privatisation!
Transfer of services, activities and operations from govt. to private enterprise.
ADVANTAGES OF PRIVATISATION
·Privtaely owned Firms are more cost efficient - because they need to make a profit.
·Privatisation places the risk in the hands of business or Private Enterprise.
·Govt. Businesses are subject to an enormous amount of red tape (Beauraucracy)
·Private enterprise is more responsive to customer complaints and innovation.
·Govt Ent. Have an advantage over private Ent. Because they can guarantee payment of bills and they don't pay tax…
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