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Privatization - Coggle Diagram
Privatization
Oil
Positive impacts
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Attracts foreign investment.
Improves operational efficiency.
Encourages technological innovation.
Negative impacts
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Unstable prices directly impact consumers.
Government loses control over national resources.
Environmental harm due to profit-driven priorities.
Railways
positive impacts
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Enhanced service quality and punctuality.
Reduces public spending as private funds are utilized.
Promotes competition, which can benefit passengers.
negative impacts
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Higher fares reduce accessibility for low-income groups.
Unprofitable routes may be discontinued.
Public sector job losses due to privatization.