Name Two arguments in favour of privatisation?

1. Efficiency: Proponents of privatisation argue that private companies are often more efficient and innovative than government-run entities. Private companies have a profit motive, which can drive them to cut costs, improve services, and innovate in ways that government-run entities may not be able to do. This can lead to better outcomes for consumers and taxpayers.

2. Competition: Privatisation can introduce competition into industries that were previously monopolies or dominated by a single government entity. Competition can lead to lower prices, better quality products and services, and increased choice for consumers. Additionally, competition can drive companies to be more efficient and responsive to consumer needs in order to stay competitive in the market.

1. Increased efficiency: Private companies are often more efficient than government-owned companies because they are not subject to the same bureaucratic constraints. This can lead to lower costs and higher productivity.

2. Improved customer service: Private companies are also more likely to provide better customer service than government-owned companies because they are answerable to their customers. This can lead to higher customer satisfaction and loyalty.