What is privatisation:? Role of Privatisation?Effect of Privatisation on people and industries in India?
1)Development would be faster(due to competetion with the other private parties)
2)Innovative solutions (due to again competetion with the other private parties)
3)effective & time bound results
Privatization is the implementation of a decision to sell companies owned by the State to private individuals/ companies.
Benefits of privatization are making the erstwhile public sector commercial enterprise survive in competitive markets through better efficiency, higher productivity, improved product quality and customer service, and reduction of waste and leakages due to State ownership.
There are no limitations of privatization except that hitherto unproductive or less productive labor would have learn afresh the art of servivng through hard work and excellence.
You must have heard of public sector ownership,that is Nationalis ...more