Trusted by millions of Kenyans
LoginRegister
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Browse exam papers
Or go directly to:
Class notes Holiday assignments Topical questions Other resources

Explain five ways in which privatization would be beneficial to country

Explain five ways in which privatization would be beneficial to country

Answers

Eliud
Privatization is basically the transfer of government owned or public property to private ownership.
Privatization will be beneficial to a country in the following ways;
1.Once a property or rather a company is under private ownership this is clearly beneficial to the owner and these benefits which may be the income are also beneficial to the country as a source of revenue through tax paying charges.

2.Private ownership of a company will create opportunities for employment of the high number of unemployed people in the country which will in the end be benficial to the country.

3.Many business tycoons from other countries prefer partnering with private companies thus these will link countries thus creating good relations.

4.It will create more exposure to products and services compared to public companies which tend to focus on local products and services.

5.Privatization is also beneficial in improving a country's economy by marketing and production of different commodities and products i.e if its a company
Eliud Justuz answered the question on May 6, 2018 at 06:54

Answer Attachments

Next: Identify the various ways in which an easement may be created.

Previous: A solution of tetrachloromethane burns colourless when propene gas is bubbled through it . What type of reaction takes place?

View more Business Studies Questions and Answers  |  Return to Questions Index

Exams With Marking Schemes

Related Questions