Economics class: Can nationalisation fix England’s rail network?
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Specification:
Market structures, Public and private ownership
Click to read the article and then answer the questions:
Can nationalisation fix England’s rail network?
Distinguish between i) privatisation; and ii) nationalisation
State when rail privatisation started and finished in the UK
Explain the rationale behind the UK rail privatisation which began in the 1990s
With reference to the chart, explain what is meant by a TOC
Define natural monopoly
Using a natural monopoly diagram, analyse the difficulties associated with introducing competition into an industry where there is a clear natural monopoly
Gavin Clarke, Emmanuel College
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