New economic Reforms-Liberalization, Privatization and Globalization, rationale and need for reforms
INFRASTRUCTURE of the country. DISADVANTAGES OF PRIVATIZATION Privatization in spite of the numerous benefits it provides to the state owned enterprises, there is the other side to it as well. Here are the prominent disadvantages of privatization: • Private sector focuses more on profit maximization and less on social objectives unlike public sector that initiates socially viable adjustments in case of … Read more