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Liberalisation, Privatisation And Globalisation : An Appraisal

Question

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State the obvious gains and im perative losses of privatisation.

Solution

(a) Obvious gains of privatisation:

(1) Privatisation promotes consumer's sovereignty.

(2) Privatisation results into high productivity.

(3) It promotes diversification of production.

(4) It leads to upgradation and modernisation of enterprises.

(b) Imperative losses:

(i) Weaker sections of society suffer deprivation in privatisation.

(ii) Social interest in ignored.

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