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From course:

Economics A Level

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Question:

What are the Disadvantages of Privatisation

Author: go kys



Answer:

-Privatised Public Monopoly will most likely become a Private Monopoly, so there needs to be Extra Measures to Ignore This -Privatised Firms may care less for Safety and Quality and Society, because they want to Maximise Profits -Regulating may be needed to Prevent a Private Monopoly from occurring -PFI can cost More in the Long Run, adding to Government Debt and not being Completely Worth It -PFI may furthermore mean Higher Taxation for the Future to Pay of, due to the cost of Leasing it


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go kys
go kys