what are the merit and demerit of privatization?
411578
['Advantage: Increased Competition. In the business world, competition is a good thing. ... ', 'Advantage: Immunity From Political Influence. ... ', 'Advantage: Tax Reductions and Job Creation. ... ', 'Disadvantage: Less Transparency. ... ', 'Disadvantage: Inflexibility. ... ', 'Disadvantage: Higher Costs to Consumers. ... ', 'Privatization Pros and Cons at a Glance.']
453389
['Limited role of government.', 'Freedom of enterprise.', 'Freedom of choice.', 'Profit Incentive.', 'Competition.', 'Private Property.']
1460474
(i) Collective Ownership: In socialism, all means of production are owned by the community, i.e., Government, and no individual can hold private property beyond certain limit. Therefore, it is government who utilises these resources in the interest of social welfare.
1196
['Private Property and Freedom of ownership: ... ', 'Right of Private Property: ... ', 'Price Mechanism: ... ', 'Profit Motive: ... ', 'Competition and Co-operation Goes Side by Side: ... ', 'Freedom of Enterprise, Occupation and Control: ... ', "Consumer's Sovereignty: ... ", 'It arises Class Conflict:']
1049237
State and government jobs may not be able to compete with the financial bonuses private sector employees enjoy, but they offer immense job security and tax-free benefits. Public sector employees also have the advantage of collective bargaining for benefits through their respective labor and employee unions.
577533
['Availability. One needs to be able to give the reward when earned in a large enough amount to be meaningful.', 'Flexibility. One needs to be able to give it when the manager wants to, to whom, and how.', 'Reversibility. ... ', 'Performance Contingency. ... ', 'Visibility. ... ', 'Timeliness. ... ', 'Durability.']
498670
['Advantages of a Bureaucratic Structure. ... ', 'Advantage: Accountability. ... ', 'Advantage: Job Security. ... ', 'Advantage: Equal Chances to Succeed. ... ', 'Disadvantages of a Bureaucratic Structure. ... ', 'Disadvantage: Reduced Productivity and Innovation.']
1227822
['MERITS OF DEMOCRACY: The participation of the individual members in the government facilitates to enlist their sympathy and co - operation to the success of the government. ... ', 'DEMERITS OF DEMOCRACY: It sometimes leads to establish the majority view over the minority view. ... ', 'Conclusion.']
788822
It will again be harmful for the public. Thus, privatization of PSUs should be strategic because heavy loss making PSUs such as BSNL are a burden for government and also of no use to the public. Government has to make balance between them.
453650
The U.S. economic system of free enterprise has five main principles: the freedom for individuals to choose businesses, the right to private property, profits as an incentive, competition, and consumer sovereignty.
944779
['They provide better infrastructure solutions than an initiative that is wholly public or wholly private. ... ', 'They result in faster project completions and reduced delays on infrastructure projects by including time-to-completion as a measure of performance and therefore of profit.']
112927
Capitalism affords economic freedom, consumer choice, and economic growth. Socialism, which is an economy controlled by the state and planned by a central planning authority, provides for a greater social welfare and decreases business fluctuations.
473182
['Greed of money, desires.', 'Higher levels of market and political monopolization.', 'Low levels of democracy, weak civil participation and low political transparency.', 'Higher levels of bureaucracy and inefficient administrative structures.', 'Low press freedom.', 'Low economic freedom.']
1142258
Transparency, integrity, economy, openness, fairness, competition and accountability are some of the fundamental principles of public procurement. They are briefly discussed below.
154804
KEY Points. Disadvantages of socialism include slow economic growth, less entrepreneurial opportunity and competition, and a potential lack of motivation by individuals due to lesser rewards.
721752
While monopolies created by government or government policies are often designed to protect consumers and innovative companies, monopolies created by private enterprises are designed to eliminate the competition and maximize profits.
494033
['PRIVATE PROPERTY. ... ', 'FREEDOM OF ENTERPRISE AND CHOICE. ... ', 'MOTIVE OF SELF-INTEREST. ... ', 'COMPETITION. ... ', 'SYSTEM OF MARKETS AND PRICES. ... ', 'LIMITED GOVERNMENT. ... ', 'Maintaining Legal and Social Framework. ... ', 'Providing Public Goods and Services.']