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 KCSE business studies paper 2 revision questions and answers set 3

Explain five circumstances under which the government may find it necessary to privatize some state coporations.

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Answer Text:
-When government wishes to raise finances to provide for other government needs
-When the parastatals are found to be running at a persistent loss and hence draining the tax payers
-When there is a change in the government economic policies which aim at less
government involvement in
business
-To enhance efficiency in the parastatals due to
competition
-To encourage foreign investors to bring in moreexpertise and capital into
the country


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