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- In conclusion, privatisation has both advantages and disadvantages. It can increase efficiency, bring in private sector benefits, and create more opportunities for private companies. However, it also comes with the loss of government control, the risk of monopolies, and potential effects on public services.Learn more:In conclusion, privatisation has both advantages and disadvantages. It can increase efficiency, bring in private sector benefits, and create more opportunities for private companies. However, it also comes with the loss of government control, the risk of monopolies, and potential effects on public services.barrazacarlos.com/advantages-and-disadvantages …
Privatization Pros and Cons at a Glance
- A greater opportunity for fraud and corruption to occur.
- Higher costs for consumers.
- Inflexibility due to long-term contracts.
- Profit, rather than residents' needs, as a primary motivator.
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