- Reduction in government expenditure – Government ceases to have the obligation of subsidizing losses made by the corporations
- Increased efficiency – This is because privatized firms are subject to completion
- Avoidance of political interference – No room for appoint of unqualified managers on political grounds
- Attract foreign investors
- Increased foreign exchange earnings
- Allowance for wider participation
- Increased innovativeness – carry out research into better methods of production, organization and marketing
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