Mention any 6 shortcomings of public sector enterprise
Dear student,
The following are some of the shortcomings of public sector enterprises:
The following are some of the shortcomings of public sector enterprises:
- They often involve red tapism and tedious paper work.
- They lack the required flexibility in operations.
- They are generally conservative in their approach
- The lack independence in decision making
- They enjoy monopoly power and as a result charge higher prices
- In the absence of competition they may be unresponsive to general public