Explain the paradox that government needs to intervene in the economy to allow
markets to work more freely. What forms does this intervention take?
Why is privatization felt to be a spur to greater efficiency in the major utilities?
How would you measure such efficiency ‘gains’?
In what ways might a government’s policy on privatization be related to its policy
on competition?
What is meant by ‘labour market flexibility’ and why is it thought to be
important?