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Mention three arguments against privatisation. - Economic Applications

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Questions

Mention three arguments against privatisation.

Give three arguments against privatisation of public sector enterprises.

Discuss two arguments against privatisation.

Answer in Brief

Solution

Three Arguments Against Privatisation:

  1. Many public sector companies have been established to promote welfare goals such as social justice. Privatisation of such businesses may be impossible. 
  2. Profit is the primary motive behind private sector firms. They do not want to provide items to consumers at discounted costs. 
  3. When public sector firms are privatised and taken over by the private sector, unemployment will result. 
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Arguments Against Privatisation (Or Disinvestment)
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Chapter 6: The State and Economic Development - QUESTIONS [Page 167]

APPEARS IN

Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 6 The State and Economic Development
QUESTIONS | Q 37. | Page 167
Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 6 The State and Economic Development
QUESTION BANK | Q 26. | Page 171
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