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Market Mechanism, Market Failure and government intervention
4.1.8.8 Public ownership ,privatisation, regulation
Arguments for and against the privatisation
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Cards (4)
Advantages of Privatisation:
Greater
competition
and
efficiency
Increased
government
revenue
Advantages of
Privatisation
:
Greater competition and efficiency
Increased government revenue
Disadvantages of Privatisation:
negative
externalities
Disadvantages of
Privatisation
:
negative externalities