Merits/benefits/merits of privatization
- increases output hence economic growth
- increases government revenue
- widen customers choice due to a variety of goods
- improved quality of goods and services.
- reduced corruption and embezzlement
- reduction of unemployment
- promotes skill development
- promotes innovations and inventions
- improves international relation
- reduces inflation through increased production
- Reduces government expenditure
- Reduces dependence on imports Reduces corruption in the enterprises Improves quality of output
- increases investment by foreigners who buy public the enterprise
- Reduces bureaucracy in the enterprises /Red tape
- Improves /increases efficiency in resource allocation
CATEGORIES Economics
TAGS Dr. Bbosa Science
