Answered: Many economists argue that the South…

Many economists argue that the South African government should implement a policy of privatisation. Argue in favour of a policy of privatisation.

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter8: Costs And The Supply Of Goods

Section: Chapter Questions

Problem 6CQ

See similar textbooks

Related questions

Q: What are the three (3) basic forms of noncorporate business ownership? Explain each form.

A: A noncorporate entity can rely on an investment owner who will provide financing to company's…

Q: Which theories explain property rights in companies according to their ownership?

A: The rights to use, receive money from, and transfer or trade goods and resources are known as…

Q: Why might a firm wish to operate in more than one country? What are the two documents that…

A: Trading: It is a basic financial idea including the purchasing and selling products and enterprises,…

Q: If profit (∏∏) is equal to zero, the entrepreneur has earned nothing for his entrepreneurial talents…

A: Profits can be of two types economic profits and accounting profits .

Q: Why is the fragmentation of shareholdings problematic for family firms? What can the owner/managers…

A: Fragmentation concerns the production of services and goods utilizing separated suppliers and…

Q: Explain which of the two approaches you believe to be more beneficial, giving your reasons why?

A: Board of directors are appointed for the corporate governance. There is no age limit for board of…

Q: 10) Which of the following statements is true about sole proprietorships? A) Sole proprietorships…

A: The sole proprietorship is the most simplest form of business organization. A single person owns the…

Q: The result of two firms joining to form a company is known as which of the following?Choose one…

A: There exist three major forms of business ownership and these forms are Sole proprietorship: In…

Q: What in your view has led to an increase in the level of organisational competitiveness in modern…

A: Different economic enterprises compete for commodities that are limited by adjusting the parts of…

Q: Explain three rights of preference shareholder over ordinary shareholder

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: What changes took place in the corporate organizations in the late 19th century, and how did these…

A: The late 19th century mainly in US is associated with the boost in the industrial output and plants…

Q: In the context of the shareholder wealth-maximization model of a firm, what is the expected impact…

A: Shareholder wealth-maximization model refers to be in favour of the shareholders and ultimately…

Q: How does crisis affect capitalist competition? (In relation to the size of the market and impact on…

A: ANSWER The crises in capitalism, often known as the "business cycle," is a ten-year cycle in which…

Q: There were still pirates in the 1980s, although they tended to appear in corporate boardrooms rather…

A: The Raider selects takeover at the final decision node via backward induction.

Q: Compared to a corporation, a partnership is more difficult and expensive to establish.; True or…

A: Meaning of Financial Assets: The term financial assets refer to the situation, under which these…

Q: Q.1. Discuss the methodology of econometric research with the help of any economic theory or example…

A: Econometrics: Econometrics is the use of measurable strategies to monetary information to give…

Q: What is failure of competition? Explain (public finance course)

A: Government services are usually concerned with the welfare of the government. "Public goods" were…

Q: What can workers and consumers do with the impact of mega-corporations?

A: Workers refer to people who work and produce goods and services in the firm. The workers get a…

Q: How would each of the following actions be expected to affect shareholder wealth?a. Southern Company…

A: Since the question has multiple subparts, we have answered the first 3, kindly repost the question…

Q: Discuss

A: Introduction: When you hear "politics" or "political," what comes to mind? If you're like most of…

Q: A venture capital firm does not a appoint its own people as directors in the companies it finances b…

A: The answer is - d. A venture capital firm doesn't enables Other investors to free ride on its…

Q: How does managerial accounting assist in analyzing Ford Motor Company's financials?

A: Managerial accounting involves managing cost and different analysis related to management.

Q: Is maximizing a firm’s profits always identical to maximizing the firm’s stock market value?

A: Profit maximization means a firm is earning a good amount of profit which covers its all cost that…

Q: QUESTION 8 Which one of the following statements on nationalisation and privatization is correct?…

A: Option C is correct

Q: Write the professor Knight's view about the " Uncertainty Bearing" Theory of profits?

A: Answer: According to Prof. Knight's conceptual framework, the entrepreneur's specific function is…

Q: What is nationalisation and privatisation

A: In nationalisation , government takes over all privately -controlled firms, industries, or assets.In…

Q: What does Economic restructuring refer to?

A: There exist four major sectors in an economy. Primary sector includes raw materials extraction,…

Q: rue or False 1. A cooperative is a business organization owned by a group of individuals and is…

A: In sole proprietorship, there is only a single owner of the business/company. So, all the risks of…

Q: Explain the following Business Organization types A. Sole Proprietorships B. Partnerships…

A: (A). In sole proprietorship, business is owned and managed by a single person. The liability of that…

Q: The concept __________ captures the interplay between the influence of global corporations and local…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: which of the fallowing is the most accurate statement about the

A: The impact of business in society is gives more opportunities like employment generation ,…

Q: You cannot run the company short term.You cannot let the Nairobi Securities Exchange run the company…

A: In economics, the costs of production can be studied under two time periods- the short run and the…

Q: Discuss the differences between corporate level, businessunit level, and functional level…

A: Strategy can be described as any form of strategy with things to achieve better results in the long…

Q: which makes sense to bubble in?

A: There are sometimes changes in both demand and supply of a good. The net effect depends on the…

Q: "Incriminating Evidence"–Marco Makes a Decision arco broke into a cold sweat as soon as he finished…

A: 1. Marco is forced to choose between the right thing and the pressure to save his job it is an…

Q: All of the following are forms of business associations, EXCEPT: A: Joint venture B: General…

A: Business associations are non-profit groups that bring together local business owners. Small…

Q: If a successful company consistently generate larger profits, it is a violation of efficient market…

A: The effective market hypothesis (EMH), on the other hand known as the productive market theory, is a…

Q: Briefly describe the framework for risk assessment in innovation and explain its usefulness for…

A: The process of examining prospective occurrences that could result in the loss of an asset, loan, or…

Q: Why companies offer two or more classes of voting shares? Is it in accordance to the best corporate…

A: A dual class stock refers to a scenario when a company issues two different classes of shares. It…

Q: What is an economic bubble? A product of illegal asset trading. Assets that are worthless. The start…

A: Economic bubble refers to an economic cycle which shows rapid growth in an economy but good by a…

Q: Give examples of companies whose business was either helped or hurt by changes in supply or demand…

A: One of the most fundamental ideas in economics and a market economy is supply and demand. As a…

Question

Many economists argue that the South African government should implement a policy of
privatisation.
Argue in favour of a policy of privatisation.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

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?
Has the regulation of privatised industries added value to UK society?
What is nationalisation and privatisation
Explain the pros and cons of using a patent system to incentivize innovation.
Given that most entrepreneurial start-ups fail, why do entrepreneurs start so many new firms? Why are (most) governments interested in promoting more start-ups?
Explain the following Business Organization types A. Sole Proprietorships B. Partnerships C. Limited Partnerships D. Corporations E. Limited Liability Companies
If you are evaluating a company, then would you need to use the CAPM model or do your prefer a different model?
What are the three major legal forms of business enterprises? Which form is the most prevalent in terms of numbers? Which form is dominant in terms of total sales revenues?
What does Economic restructuring refer to?
Compare and contrast a market economy as described by Adam Smith with the modern structure of corporate governance
Financial markets are quintessential examples of perfectly competitive markets. determine how financial markets contribute to productive and allocative efficiency in the U.S. economy.
Explain any three features of the privatisation in an economy?