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BUSINESS ENVIROMENT — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMBUSINESS ENVIROMENT3 Marks
Question
Enlist positive and negative effects of privatization.
✓

Answer

$(A)$ Positive effects of privatization:
  • Rise in production efficiency
  • Absence of political interference
  • Improved quality goods and services
  • Systematic marketing
  • Use of modern technology
  • Hierarchical set-up for accountability
  • Creation of competitive environment
  • Advancement in research and development
  • Advancement in modernization and innovation
  • Maximum utilization of factors of production
  • Growth of infrastructural facilities
$(B)$ Negative effects of privatization:
  • Exploitation of employees
  • Misuse of powers by top management
  • Unequal distribution of income and wealth
  • Absence of job security
  • Priority to profit
  • Consumer exploitation, etc.

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