Public Ownership, Privatisation, Regulation and Deregulation of Markets — AQA Past Paper Questions

Assess the view that privatised industries, such as electricity and gas, should be taken back into public ownership.

1.8.8 Privatisation and Regulation

Discuss the view that privatisation is always beneficial because it leads to improvements in efficiency.

1.8.8 Privatisation and Regulation

Extract E (lines 5–7) states: ‘Until the 1990s, almost all workers in the care sector were employed by the government, which acted as a monopsonist by keeping wages low.’ With the help of a diagram, explain how a monopsonistic public sector can lead to low pay for social care work.

1.8.8 Privatisation and Regulation · 1.6.4 Wages in Imperfect Labour Markets

Extract F (lines 9–10) suggests that ‘the British public really don't care about who runs the trains; what they care about is reliability, comfort and price.’ Use the extracts and your knowledge of economics to evaluate the case for renationalising railways in the UK.

1.8.8 Privatisation and Regulation