Arguments for and against the public ownership

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Created by
Ricky £

Cards (5)

  • 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
  • What is it called when governments take over a private sector business?
    nationalisation