An argument used to justify privatisation was the low level of profits of nationalised industries.

Name: An argument used to justify privatisation was the low level of profits of nationalised industries.
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

One of the arguments for privatization is that nationalized industries often exhibit low levels of profitability due to inefficiencies, lack of competition, and political interference, which privatization aims to address by introducing market dynamics and efficiency incentives.

An Argument Used to Justify Privatisation Was the Low Level