1. Explain the paradox that government needs to intervene in the economy to allow markets to work more freely. What forms does this intervention take? 2. Why is privatisation felt to be a spur to...

1. Explain the paradox that government needs to intervene in the economy to allow markets to work more freely. What forms does this intervention take?

2. Why is privatisation felt to be a spur to greater efficiency in the major utilities? How would you measure such efficiency ‘gains’?