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Market Mechanism, Market Failure and government intervention
4.1.8.8 Public ownership ,privatisation, regulation
Arguments for and against the public ownership
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Cards (4)
Advantages of public ownership:
Profit
Goes
Back
to
Taxpayers
Positive
Externalities
Advantages of
public
ownership
:
Profit Goes Back to Taxpayers
Positive Externalities
Disadvantages of public ownership:
Increase
in
Government
Debt
No
Competition
Disadvantages of
public
ownership
:
Increase in Government Debt
No Competition