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Privatization:
Member rating: No Rating | Words: | Submitted: Fri Aug 26 2005
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Privatization: "Privatization is a process in which the ownership transfers from Govt. hand to private hand. Objectives: The main objectives of this programme are to reduce the drain of Govt. resources caused by losses of the state owned enterprises, create greater opportunities for the private sector to expand and modernize these enterprises, improve productivity, efficiency and profitability, develop a valuable capital market and release resources for development of social and physical infrastructure. The broad objective of privatization and deregulation are as follows. Creating a liberal economic environment: The main objective of privatization is to create a liberal economic environment. The private sector is not bound to work as to Gov.'s instructions so it ends the monopoly of Govt. Improving national productivity: Privatization helps to improve the national productivity. The main aim is to utilize the Govt. or natural resources to a maximum possible way. So in this way the national productivity increases. Improving efficiency and profitability: Necessary measures have...
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