A-level
Economics A-level:
Privatisation
Learn It
Check you know the main principles by reviewing the list of different topic areas, either click on the topic heading to quick learn the whole topic or pick individual principles to brush up.
Privatisation
The definitions
The advantages of privatisation
- The removal of political interference
- General increase in efficiency
- Reduction of the PSBR (now PSNCR)
- Widening share ownership
The disadvantages of privatisation
- The abuse of the 'public interest'
- The natural monopolies argument
- The problem of externalities
- The redistribution of wealth
- The loss of economies of scale
- Job losses
Privatised utilities - British Telecom
Privatised utilities - Gas
Privatised utilities - Electricity
Privatised utilities - Water
Test It
Now you have learnt the main principles, test yourself with these sample questions. If you get stuck, go back and review the principle again.
Revise It
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