In the modern world, many things have been privatized. With privatization comes its own benefits and drawbacks. However, some essential or necessary goods can not be privatized like healthcare, water, sanitation. Let us take the example of water. The government should not privatize water because its a necessity to survive. If it is given to private players then the market price will be decided as per market forces of demand and supply. This may force some lower section of the society to leave the market which will make it hard to survive.
Conclusion: Necessity goods can not be privatized.
Get Answers For Free
Most questions answered within 1 hours.