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Advantages:
- productivity per person is increased.
- Accuracy in terms of time and quality would increase.
- Only capable / fittest persons would be employed.
- Prices depend upon the monopoly & understanding between rivals .
- Profits soar and owners get maximum benefit.
Disadvantages:
- Labour is hit in the belly more work and least pay would be the policy.
- Prices would be higher than in public sector.
- To gain more profits sub standard items would be manufactured by all the private owners with a good understanding among themselves.
- The reliability of continuous service is questionable.
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