To what extent privatization should be done ?Privatization means the sale of entire or some equity of state-owned units to private shareholders, the transfer of ownership from state entities to whatever private-sector units of production, as well as the beginning of private management and private control.
Through privatization, the functions of sick public sector units can be controlled by the discipline of market mechanisms instead of undisciplined mechanisms. Privatization is also a medium to attract foreign investors. Any country in which foreign equity is attracted, that country becomes more powerful.
But, is it appropriate for the country to promote such a lot of privatization?
If the private sector takes up the task of fulfilling the basic needs, then it will not have any responsibility to achieve the social goal, rather it wants to earn profits in all of these, what is your idea how and to what extent privatization should be done.