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Privatisation: Advantages of privatisation!
Title: Privatisation: Advantages of privatisation!
Category: Social Sciences / Education
Details: Words: 205 | Pages: 0.9 (approximately 235 words/page)
Privatisation: Advantages of privatisation!
PRIVATISATION: Transfer of services, activities and operations from govt. to private enterprise.
ADVANTAGES OF PRIVATISATION 感rivtaely owned Firms are more cost efficient - because they need to make a profit.
感rivatisation places the risk in the hands of business or Private Enterprise.
廉ovt. Businesses are subject to an enormous amount of red tape (Beauraucracy) 感rivate enterprise is more responsive to customer complaints and innovation.
廉ovt Ent. Have an advantage over private Ent. Because they can guarantee
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showed last 75 words of 205 total
are free for other purposes.
嫂s a result of privatisation more tax income is generated for govt.
微oss making activities no longer run by Govt. - No longer responsible.
感rivate Sector managers are more efficient.
感rivate sector is more flexible in relation to finance 廉ovt. sector magangers are responsible to Govt. legislation.
感rivate Ent. Can hire and fire by performance.
感rvt. Organizations can use marketing advertising with Govt. Permission.
感rivate Orgs can move into new markets.
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