WAEC - Commerce (2021 - No. 41)
A disadvantage of privatization is that
there is reduction in the quality of goods
there is incipiency in the supply of goods
the existence of monopoly is high
the profit motive outweighs public interest
Penjelasan
Privatization as we all know is the transfer of the ownership of a public enterprise to private individuals or the private sector for the sole purpose of profit maximization.
This profit-driven motive is disadvantageous in the way that, the establishment or enterprises ends up placing their need to make a profit above service delivery which is the core motive of public enterprise.