ICSE Class 10 Answered
Please give at least two points of difference between nationalisation and privatisation .
Asked by anujbajpai44 | 14 Mar, 2019, 10:51: AM
Expert Answer
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Nationalisation |
Privitisation |
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It is when a government chooses to take an industry into state ownership in order to safeguard the supply of a good or service. |
It is the transfer of ownership of property or businesses from a government to a privately owned entity. |
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With nationalisation needy groups can be looked after and provided with basic necessities which would have not been the case under private ownership |
The central motive of private companies is to earn profit. |
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Generaly it is regarded that Nationalisation tends to restrict investment. |
Generaly it is regarded that Privitisation boosts investment |
Answered by Christina | 14 Mar, 2019, 01:05: PM
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