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Question
What are the disadvantages of privatization?
What are the disadvantages of privatization?
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Solution
The disadvantages of privatization are:
- A more important chance for misrepresentation and debasement to happen.
- Greater expenses for customers.
- Firmness because of long-haul contracts.
- Profit is an essential inspiration.
Also see:
- Objectives of Privatisation
- What Is the Impact of Liberalisation Privatisation and Globalisation on Business?
- What Led to LPG Reforms?
Stay tuned to BYJU’S to learn similar Commerce Questions.
The disadvantages of privatization are:
- A more important chance for misrepresentation and debasement to happen.
- Greater expenses for customers.
- Firmness because of long-haul contracts.
- Profit is an essential inspiration.
Also see:
- Objectives of Privatisation
- What Is the Impact of Liberalisation Privatisation and Globalisation on Business?
- What Led to LPG Reforms?
Stay tuned to BYJU’S to learn similar Commerce Questions.
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