public enterprises

Why Is Public Sector Important Why Government Role In Economy?

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Why Is Public Sector Important Why Government Role In Economy? Governments provide the legal and social framework, maintain competition, provide public goods and services, redistribute income, correct for externalities, and stabilize the economy. Why public sector is important in economy? Here we detail about the following nine important roles played by public sector in Indian

What Is The Purpose Of Privatisation?

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What Is The Purpose Of Privatisation? Thus, the basic stated objectives of privatization can be summarized as follows: (1) to increase efficiency and to reduce the size of the public sector; (2) to reduce public debt/deficit and to obtain funds; and (3) to strengthen the stock markets. Why does the government privatize? By allowing the