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Liberalisation, Privatisation And Globalisation — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsLiberalisation, Privatisation And Globalisation4 Marks
Question
Do you think only loss making companies should be privatised? Why?
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Answer

No, I do not agree with this view. Even though disinvestment would increase the revenue of the government, the profit-making industries should be retained in the public sector since they raise resources from the capital market which government can use for the development of PSUs and the infrastructure.
  • The assets of the profit-making industries if undervalued might lead to a substantial loss to the government if sold to the private sector.
  • The government should retain the strategic industries to avoid emergence of any monopoly in the private sector.

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