4.1.8.8. Privatisation (AQA A-Level Economics Teaching PowerPoint)

This AQA Economics Teaching PowerPoint covers aspects of Privatisation

Privatisation is the process of transferring ownership of a public asset or service from the government to the private sector. This can be done through the sale of shares in a publicly owned company, the sale of government-owned assets, or the outsourcing of services to private companies. The aim of privatisation is often to improve efficiency and service quality, as well as to reduce the financial burden on the government. However, it can also lead to job losses, higher prices, and a decline in service quality. Privatisation has been a controversial topic in the UK, with some arguing that it leads to a more efficient and competitive economy, and others arguing that it leads to a loss of public accountability and increased inequality.