Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Government Aims

LC Economics

TermDefinition
The economic aims of the government Achieve Full Employment. Control price inflation. Achieve moderate economic growth. Boost exports. Control government finances. Broaden the tax base. Promote balanced regional development. Improve infrastructure. Improve state services.
Privatisation This is the sale of a state owned company to private owners.
Nationalisation The purchase of privately owned assets by the government/exchequer
The advantages of privatisation Improved quality / choice of services. More competitive prices. Continuity of supply. Employment opportunities. More rewards/Incentives for innovation. Revenue from sale /reduce borrowing. Shedding of loss making companies 
The disadvantages of privatisation Loss of non-profit making services. Changes to working conditions. Loss of jobs. Loss of a state resource. Costs of the Sale. Foreign ownership
Advantages of Nationalisation  Stability to economy. Availability of credit. Rationalisation of banking services. Employment / consumer protection. Development of ethical banking practices. Continued provision of banking services to the community
Private Costs Costs to the individual/company as a result of decisions they make
Social Costs all the costs of production of the output of a particular good or service. We include the third party (external) costs arising from the decision
A chemical factory emits wastage as a by-product into nearby rivers and into the atmosphere. This is an example of.... a social cost
Created by: dkellybusiness
Popular Economics sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards