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Privatization is basically the transfer of government owned or public property to private ownership.
Privatization will be beneficial to a country in the following ways;
1.Once a property or rather a company is under private ownership this is clearly beneficial to the owner and these benefits which may be the income are also beneficial to the country as a source of revenue through tax paying charges.
2.Private ownership of a company will create opportunities for employment of the high number of unemployed people in the country which will in the end be benficial to the country.
3.Many business tycoons from other countries prefer partnering with private companies thus these will link countries thus creating good relations.
4.It will create more exposure to products and services compared to public companies which tend to focus on local products and services.
5.Privatization is also beneficial in improving a country's economy by marketing and production of different commodities and products i.e if its a company
Eliud Justuz answered the question on May 6, 2018 at 06:54
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