Question

Outline the arguments for and against privatisation

Answer 1

From the perspective of a business owner privatization can lead to increased control, efficiency and less regulation. The disadvantage privatization is that it can lead to slower growth and missed opportunities because firms do not have access to investor funds.

Answer 2

Privatisation involves selling state owned assisté to the private sector. It is argued the private sector tends to run a business more efficiently because of the profit.