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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:
- Many public sector companies have been established to promote welfare goals such as social justice. Privatisation of such businesses may be impossible.
- Profit is the primary motive behind private sector firms. They do not want to provide items to consumers at discounted costs.
- 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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