In your opinion, what are the advantages of privatisation to the economy?
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Advantages of privatisation are:
- It will introduce efficiency and profitability in Public Sector Undertakings (PSUs).
- It promotes consumer's sovereignty. High degree of consumer's sovereignty implies wider choice and better quality of goods and services.
- It will reduce budgetary deficits which result from expenditure on loss making PSUs.
- It promotes diversification of production. Also, unlike PSUs, private enterprises invariably generate high profits.
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