A major merit of privatization is that it increases
...A major merit of privatization is that it increases
industrial harmony
public fiscal resources
activities on the stock exchange
labour turnover
Correct answer is B
A major merit of privatization is that it increases public fiscal resources.
Privatization is a process of transferring ownership and control of companies, industries, corporations, etc, from public to private sector.
Privatization generates more fund and then revamps the economy as well as development of rural areas.
Through privatization, the corporations or enterprises will be managed and organized more efficiently for the overall benefit of the masses or consumers.
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