The main objective of privatizing a government business is to
Answer Details
The main objective of privatizing a government business is to increase the level of efficiency. When a government-owned business is privatized, it is transferred to private ownership and management. Private companies are motivated by profit and are therefore more likely to operate the business more efficiently, reducing costs and improving productivity. Private companies are also able to access capital markets more easily than government-owned businesses, enabling them to invest in new technology and expand operations. As a result, privatization can lead to increased competition, improved services, and lower prices for consumers. However, it is worth noting that privatization may not always lead to positive outcomes, and the decision to privatize should be carefully considered based on the specific circumstances of the business in question.