Business A2 Level Chapter 6 Class 1 Privatisation and Nationalisation by Asad Kothari
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John
English
College Students
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Summary
Chapter 6 discusses external influences on business, emphasizing factors beyond a company's control, such as government changes and market conditions. It highlights privatization, where government businesses are sold to private individuals, and nationalization, where private businesses are taken over by the government. Both processes have implications for efficiency and customer welfare.