Citizens are against privatization mainly because of?

Assessment: JAMB UTME - Commerce - 2007 Subject: Commerce

Question 1 Report

Citizens are against privatization mainly because of?
Answer Details
Citizens are generally against privatization because of the increased prices of goods and services. When private companies take over government-run organizations or services, they aim to make a profit. As a result, they may raise prices on essential goods and services, such as healthcare or water, making them less affordable for the average citizen. Additionally, there is a concern that privatization may lead to a monopoly, where there is only one provider of a good or service, giving them complete control over the market and the ability to raise prices without competition. Finally, citizens may be concerned about the effectiveness of private management compared to government management, which they perceive to be more accountable to the public.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning