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Mention any two adverse impact of …

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Mention any two adverse impact of marketization?

Posted by Khushi Choudhary 4 years, 7 months ago

CBSE > Class 12 > Sociology

1 answers

Altaf Husain 4 years, 7 months ago

1.Marketization or marketisation is a restructuring process that enables state enterprises to operate as market-oriented firms by changing the legal environment in which they operate. 2.This is achieved through reduction of state subsidies, organizational restructuring of management (corporatization), decentralization and in some cases partial privatization. These steps, it is argued, will lead to the creation of a functioning market system by converting the previous state enterprises to operate under market pressures as state-owned commercial enterprises.

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