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  • Privatization

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    AINNUR MYSARA ABDUL HALIM
    6 views2 pages
    The document discusses privatization, which involves transferring activities and functions traditionally held by the public sector to the private sector. Privatization must involve transferring at least one of three essential organizational components: management responsibility, assets, or personnel. Some potential advantages of privatization include economic growth and Bumiputera participation in the corporate sector, while disadvantages could be higher prices for consumers and reduced welfare if profit maximization is the sole objective.

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    The document discusses privatization, which involves transferring activities and functions traditionally held by the public sector to the private sector. Privatization must involve transferring at least one of three essential organizational components: management responsibility, assets, or personnel. Some potential advantages of privatization include economic growth and Bumiputera participation in the corporate sector, while disadvantages could be higher prices for consumers and reduced welfare if profit maximization is the sole objective.

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    © All Rights Reserved
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    6 views2 pages

    Privatization

    Uploaded by

    AINNUR MYSARA ABDUL HALIM
    The document discusses privatization, which involves transferring activities and functions traditionally held by the public sector to the private sector. Privatization must involve transferring at least one of three essential organizational components: management responsibility, assets, or personnel. Some potential advantages of privatization include economic growth and Bumiputera participation in the corporate sector, while disadvantages could be higher prices for consumers and reduced welfare if profit maximization is the sole objective.

    Copyright:

    © All Rights Reserved
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    of 2

    the transfer to the private Applies to enterprises

    sector of activities and already owned by the


    functions which were government and to new
    traditionally vested with the projects.
    public sector.
    3 essential organization
    Privatization must involve INTRODUCTION related component is
    INTRODUCTION PRIVATIZATION
    the transfer of at least one Management responsibility,
    of the components. Assets, and Personnel

    ADVANTAGE DISADVANTAGE
    ACTION
    REDUCTION IN
    CONSUMER/WORKERS’ WELFARE IF
    THE FIRM’S OBJECTIVE IS TO ONLY
    BENEFITS TO THE GAINS TO THE CONSUMERS HAVE TO MAXIMIZE PROFITS
    PUBLIC GOVERNMENT
    PAY HIGHER PRICES

    WIDER INCOME GAP


    BUMIPUTERA PARTICIPATION SOCIAL SERVICES ARE NO LONGER
    ECONOMIC GROWTH IN THE CORPORATE SECTOR PROVIDED BY THE GOVERNMENT

    TECHNOLOGY INSECURITIES AMONG


    TRANSFER WOERKERS
    12 NKEAS

    OIL, GAS AND


    ENERGY
    HEALTHCARE
    EDUCATION

    PALM OIL AND


    RUBBER FINANCIAL WHOLESALE AND
    SERVICES RETAIL

    AGRICULTURE

    ELECTRONICS & BUSINESS


    ELECTRIC SERVICES
    GREATER KUALA
    COMMUNICATION
    LUMPUR / KLANG
    TOURISM CONTENT AND
    INFRASTRUCTURE
    VALLEY

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