0
Advantages:
- productivity per person is increased.
- Accuracy in terms of time and quality would increase.
- Only capable / fittest persons would be employed.
- Prices depend upon the monopoly & understanding between rivals .
- Profits soar and owners get maximum benefit.
Disadvantages:
- Labour is hit in the belly more work and least pay would be the policy.
- Prices would be higher than in public sector.
- To gain more profits sub standard items would be manufactured by all the private owners with a good understanding among themselves.
- The reliability of continuous service is questionable.
Wiki User
∙ 13y ago
Wiki User
∙ 9y agoSome of the merits include better management, cutting down on costs and effective service delivery. The demerits include higher costs to consumers, lack of accountability, and lack of public participation.
Add your answer:
Earn +20 pts
Merit and demerit of money?
ghynkkl,;lkjhghkmn
Discuss the different causes of market failure?
Under/over provision of merit or demerit goods. Can be corrected by the imposing of taxation, subsidies, negative add campaigns, etc.
Why political instability is a demerit of India?
demerit of india
What are the features of privatization in modern world business?
Features of privatization
Main reasons for privatization?
One of the reasons for privatization is to ensure that a firm or organization gets better management. Privatization may also be one way to improve on profits.
What are the merit and demerit of samacheer kalvi?
merit& demerit
What is merit and demerit of price level accounting?
merit and demerit of price level accounting
What is the merite and the dimerit of privatization?
The merit of privatization is increased efficiency and innovation due to competition in the marketplace. However, the demerit is potential job loss, reduced access to services for marginalized populations, and the risk of monopolies forming in certain industries.
What is the root word of demerit?
The root word of demerit is merit, which means something that deserves praise or reward. Demerit is the opposite of merit, indicating something that deserves blame or punishment.
What is the opposite of demerit?
merit
Merit and demerit of multinationalCompany?
Topic of discussion is :merit and demarit of globalization
Merit and demerit of psychology?
Merit: Psychology provides valuable insights into human behavior, cognition, and emotions, aiding in improving mental health, relationships, and overall well-being. Demerit: The subjective nature of psychological research can sometimes lead to varying interpretations and inconsistencies in findings, hindering the establishment of definitive universal principles.
Merit and demerit of money?
ghynkkl,;lkjhghkmn
What are the Merit and demerit of shifting cultivation?
What are theMeritand demerit ofshifting cultivation- WikiAnswers
Merit and demerit of ict in computer science?
diffention
What are merit and demerit of chemistry?
merits and demerits of chemistry
What is the Merits and demerits of BPO job?
BPO is merit and demerit
