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Citing reasons state the superiority of Public sector over privatization. - Economic Applications

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Question

Citing reasons state the superiority of Public sector over privatization.

Answer in Brief

Solution

The profits earned by public sector undertakings (PSUs) are reinvested for expansion and diversification. On the other hand, private sector units distribute the major part of their surpluses to share holders in the shapes dividend or bonus shares.

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Privatization of Public Enterprises
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Chapter 6: The State and Economic Development - QUESTION BANK [Page 172]

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Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 6 The State and Economic Development
QUESTION BANK | Q 30. (c) | Page 172
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