December 2020
Intermediate to advanced
857 pages
42h 3m
English
Content preview from Business Environment, 4th Edition by Pearson
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548 | Chapter 19
Government should discontinue its engagement in manufacturing/producing
goods and services in sectors where competitive markets have come of age. Such
entities would most likely perform better in the private hands due to various factors,
e.g., technology up-gradation and ecient management practices; and would thus
create wealth and add to the economic growth of the country. Therefore, the increase
in BPCL’s value when compared to HPCL reflects these anticipated gains. A large
literature in financial economics spanning a large number of countries establishes
very clearly that privatisation brings in significant eciency gains ...
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