10 LINES ON PRIVATIZATION

 1) The term privatization was introduced by “The Economist” (international weekly newspaper) during the 1930s.

2) Privatization refers to the conversion of the public sector to the private sector.

3) The main purpose of privatization is to increase efficiency of the system.

4) The first massive privatization was occurred between 1933 to 1937 in Nazi Germany.

5) Privatization is a good source of income for Government.

6) Government can also privatize its policies or services.

7) Some examples of government services which can be privatized are water supply, revenue collection, transportation etc.

8) Privatization is associated with more skilled job opportunities.

9) Privatization may lead to a hike in prices (expensiveness).

10) Aim of Private bodies is to make more profit out of less cost.

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