Advantages Of Privatization

Privatisation is the process of transferring an enterprise or industry from the public sector to the private sector. The public sector is the part of the economic system that is run by government agencies. In Malaysia privatisation was make known to at the correct stage in the country’s growth. It no doubt that the basis of privatisation was in keeping with current economic thinking. The justification for privatisation is based on the premise that governments should confine themselves for governing and not to interrupt into running business. There are few factors for this argument, which is the undesirability of a large bureaucracy, the inefficiencies of centralised planning and the crowding–out of private investment .The implementation of privatisation could be undertaken in such manner as to determine the benefits that would otherwise accrue. The implementation of privatisation could be undertaken in such a manner as to undermine the benefits that would be otherwise accumulate. The proper conduct of privatisation requires that efficiency and transparency should be taken in consideration during the implementation process. If not the output might not be efficient and there will be an exceedingly welfare loss. If not the output might not be efficient and there will be an exceedingly welfare loss. The proper conduct of privatisation requires that efficiency and transparency should be taken in consideration during the implementation process. On one occasion in a while, the term