The main goal of privatization is to increase economic efficiency, boost productivity, and raise living standards.

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Privatization is a process of transferring ownership of state-owned enterprises to private individuals or companies. The main goal of privatization is indeed to increase economic efficiency, boost productivity, and raise living standards. Private owners have a profit incentive and are likely to operate more efficiently and effectively than state-owned enterprises which are often slower, less innovative, and politically influenced. The result of privatization is expected to be a more competitive and dynamic market, leading to better quality goods and services, lower prices, and improved economic growth.

The Main Goal of Privatization Is to Increase Economic Efficiency