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4.1.8 The market mechanism, market failure
4.1.8.8 Public ownership ,privatisation, regulation
Arguments for and against the privatisation
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Cards (6)
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
Evaluation of Privatisation:
Quality
of
Regulation
The
private
sector
is
not
always
efficient
Evaluation
of
Privatisation
:
Quality of Regulation
The private sector is not always efficient