Privatisation vs nationalisation in india?

Question

Privatisation vs nationalisation in india?

Answer 1

privatization is always better

Answer 2

If you privatize, you run the risk of a market failure. If you nationalize, you run the risk of a government failure. Both types of failure are commonplace, however, in case of doubt I would rather privatize.

I wouldn't privatize railroads, water supply and education (maybe introduce education vouchers).

Particulary interesting is health care. Any system is almost certain to fail, the solution probably being an intelligent mix of both. Big hospitals should not be privatized (monopsony), but should be exposed to competition (from smaller clinics). Privatization of health insurcance results in an unstable market an eventually in a monopoly of one insurer and failure of all others. This is so, at least in theory. In practice it might still work: Switzerland has a system of (compulsory) private health insurance, but the market is heavily regulated by government.

Answer 3

It's in comprehensive of XI th book see

Answer 4

There are good cases for both.

National parks, for instance.

Answer 5

wat do u want to know

plzz be a bit more specific so that we can help u easily

thnks!!!:)

if u want to know which is more better than i will say mix of both the things will make india really very better place