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Question
Identify the reason for privatisation:
Options
Reduction in unproductive expenditure of the government.
Growth of private monopolies.
Social welfare aspect is not emphasised.
Possibility of employment loss.
Solution
Reduction in unproductive expenditure of the government.
Explanation:
- One of the key reasons for privatization is to eliminate the government's unproductive expenditure.
- The government's goal in transferring ownership and management of public sector organizations to the private sector is to increase efficiency, decrease the monetary demand, and focus on essential functions rather than business management.
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