Question

How does Privatisation affect the economy?

Answer 1

Privatization prompts the creation of wealth. The expense of production is diminished and benefits are augmented. It is unquestionably a decent advance if the public authority feels that a specific area can be opened up to the competition and it will help the market and the end-users.

Also see:

• What Is the Difference Between Liberalisation and Privatisation?
• What Led to LPG Reforms?