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Question
What are the bad effects of privatization?
What are the bad effects of privatization?
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Solution
The negative effects of privatization are:
- One significant inconvenience to perceive is the chances for bribery and corruption that accompany privatization.
- Expanding the bridge between the rich and poor people.
- Business models are imposed by private organizations
- Disadvantages on prices as the firms are price takers.
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 negative effects of privatization are:
- One significant inconvenience to perceive is the chances for bribery and corruption that accompany privatization.
- Expanding the bridge between the rich and poor people.
- Business models are imposed by private organizations
- Disadvantages on prices as the firms are price takers.
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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