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Explain the importance of privatization. |
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Answer» The importance of privatization is as follows : (a) Performance: Privatization leads to good performance. It brings efficiency which always looks forward to survive in the competitive world. The company provides good salaries to the employees and in return they work better and show their performance. (b) Efficiency: Private companies have a greater urge to produce more goods for the utmost satisfaction of the consumer. (c) Innovative ideas: Major companies solely depend upon new techniques and innovative ideas to bring their specialized products in a different style at global level. (d) Goals: Private companies have their specific goals and strive to achieve the endeavor. It shows their consistency to reach the peak and maintain global standards. (e) Capital: Private concerns many a times raise funds and invest in the financial markets. This promotes faster growth and stabilizes the financial position of the company. |
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