Privatisation

Presentation on Privatisation Presented By:Gagandeep Singh Roll no.84010 M.B.A. 2nd Semes. RIMT-MAEC

Meaning 

In a narrow sense Privatisation implies the induction of private ownership in publicly owned enterprises. But in broader sense it implies besides private ownership, the induction of private management and control in the public sector enterprises.

Objectives  Effective

Utilisation of Resources  Economic Growth  Encourages Capital Formation  Reduce Size of Public Sector  Dispose of Loss-Making Govt. Unit

Advantages 

      

Reduction In Monopoly of Public Sector units Effective Management More Funds available With Govt. Increase in Profitability High Industrial growth rate Increase in efficiency of Public Sector Encouragement to Innovation Quick Decision making

Disadvantages       

Class Struggle Unemployment & Corruption Inflation Non Acceptable by Trade Union Public monopolies have been turned into private monopolies Economic Imbalances Wastage & Misallocation of Resources

Thanks