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

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsLiberalisation, Privatisation And Globalisation3 Marks
Question
What are the objectives of privatisation?
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Answer

The most common and important objectives of privatisation are:
  1. Improving the financial condition of the government.
  2. Raising funds through disinvestment.
  3. Reducing the workload of public sector.
  4. Increasing the efficiency of the government undertakings.
  5. Providing better goods and services to consumers.
  6. Bringing healthy competition within an economy.
  7. Making way for Foreign Direct Investment (FDI).

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