Th3.6: Privatisation and Nationalisation Flashcards
1
Q
What is privatisation?
A
the sale of government equity in nationalised industries or other firms to private investors
2
Q
What is the aim of privatisation?
A
to revitalise inefficient industries but can sometimes lead to higher prices and poorer services
3
Q
What is nationalisation?
A
when a private sector company or industry is brought under state control, to be owned and managed by the government
