The government of Kenya has been adopting the policy of privatisation of firms. Discuss some of the benefits that the Kenyan people reap from this policy

Benefits of privatization

  • Kenyans enjoy improved products and services due to research carried out by privatised firms
  • The spirit of competition enhances good management hence efficiency
  • Consumers enjoy fair prices of products and services due  to minimal wastes if any.
  • Privatisation calls upon many firms entering the market leading to product diversity    hence Consumers have a wide variety to choose from.
  • Due to stiff competition, privatised firms engage in aggressive sales promotion methods which keep consumers informed of the products in the market.
  • The need for greater profits makes them engage in risky projects which may be  of great importance to the consumers.

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