What does privatise mean:

Privatising means transferring ownership and control of a business or service from the government to private individuals or companies.

Benefits of Privatisation:

1. Increased efficiency:

   • Private companies usually aim to reduce waste, cut costs, and make a profit, which can lead to better performance and quicker decision-making.

2. Improved service quality:

   • Competition in the private sector often drives innovation and better customer service.

3. Reduced government burden:

   • Governments save money by not having to fund or manage loss-making enterprises.

4. Revenue for the government:

   • Selling a public company can raise money that can be used for other public services like healthcare or education.

5. Attracts investment:

   • Private ownership can bring in domestic and foreign investors, boosting economic growth.

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