Economics B A-Level
Privatisation
What Privatisation means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Privatisation
Check what you remember
Read the wording for your board, then hide it and explain Privatisation in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The transfer of state-owned assets to the private sector, introducing profit motives and competitive pressures.
Topics that use Privatisation
- Business regulation (Pearson Edexcel A-Level)
Related terms
- Asymmetric information and market failure
- Consumer protection
- Consumer protection legislation and standards
- Franchising
- Market power
- Mergers and takeovers
- Natural monopoly
- Anti-competitive practices
Using Privatisation in the exam
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