Privatization And Commercialization Programmes - SS3 Economics Past Questions and Answers - page 1
What do privatization and commercialization programs aim to achieve?
Increase state ownership and control in the economy
Reduce the financial burden on the government and improve efficiency
Increase job losses and reduce public services
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What is privatization?
The transformation of government-run entities into self-financing enterprises
The transfer of ownership and control of state-owned enterprises to private investors
The granting of greater autonomy to government-run entities
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What is commercialization?
The transfer of ownership and control of state-owned enterprises to private investors
The granting of greater autonomy to government-run entities
The transformation of government-run entities into self-financing enterprises
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What is the negative impact of privatization and commercialization programs?
Increased job opportunities
Reduced access to public services for the poor and vulnerable populations
Decreased efficiency in the industry
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What is the aim of commercialization?
To reduce government spending
To generate revenue and operate as independent commercial entities
To encourage private sector investment
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What is the difference between privatization and commercialization?
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What is the aim of privatization and commercialization programs?
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What are some negative impacts of privatization and commercialization programs?
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