Which of the following is the main goal of privatization?

Question

Quizplus · Accepted Answer

The main goal of privatization is to increase economic efficiency. This is achieved by transferring ownership and control of state-owned enterprises to private companies or individuals who are believed to be better equipped to manage them efficiently, leading to increased productivity and profitability. The other options are not goals of privatization; reducing responsibility and accountability would be counterproductive and slowing economic growth and increasing subsidies to companies are not necessarily associated with privatization.

Which of the Following Is the Main Goal of Privatization