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Has the regulation of privatised industries added value to UK society?
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- Explain any three features of the privatisation in an economy?Why did the practice of privatisation become the favoured policy of many governments around the world over the last thirty years? What are the reasons why privatised firms tend towards causing externalities? Can you think of real-life examples?Drawing on examples, discuss the economic case for the nationalisation ofcore industries such as rail, gas or electricity in the UK.
- Why might a firm wish to operate in more than one country? What are the two documents that limited liability companies must register with the government before trading?Should the government regulate the market power of firms?Differentiate between the following terms. Nationalisation and privatisation.