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Foreign Policy: 1965-1990s

What Are the ...

Question

What Are the Bad Effects of Privatisation?

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Solution

Following are some of the bad effects of privatisation:

Increased bribery and corruption

Decreased transparency in business

Business is done with the motive of profit maximisation.

It gives rise to monopoly

Also read:

What is Privatisation?

MCQs on Globalisation

Globalisation

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