Below are some reasons for commercialization;
1. Reduction in Operational Inefficiency: To reduce operational inefficiency and gross incompetence on the part of the management.
2. Revenue Generation: It helps the government to generate revenue.
3. Eradication of Corruption: It helps to reduce or eradicate mismanagement corruption and embezzlement of government funds.
4. Attraction of Foreign Investment: It will help to attract direct foreign investment into the country’s economy.
5. Profit Orientation: It will help to reposition the organization on the part of profitability and viability.
6. Elimination of Problem of Obsoleteno longer produced or used; out of date. More Technology: It reduces the problem of outdated equipment. It will attract new investors that will help to do away with absolute equipment.
7. Liberalization of the Economy: It allows free competition among private investors.
8. To Relieve the Government of Burden OF Finance: The government will be free from unproductive investment in form of subventions and subsidiesA subsidy is a benefit given by the government to groups or individuals, usually in the form of a cash payment or tax reduction. If something like food or petrol is... More to public enterprises.
9. To Reduce Excessive Governmental Control: The problem of excessive bureaucraticThe term bureaucracy refers to a system of government in which most of the important decisions are taken by state officials rather than by elected representatives. In simple terms, you can... More control and intervention on the part of the government will be addressed.
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