Microeconomics q??? (1 Viewer)

[raven1]

Hi ppl,

The question is What motivations are absent from government ownership??

do you guys/girls have any ideas/hints on how to answer this wanky question???ive googled it and wasnt happy with the info.

so if u know any good web-sites/economics textbooks, please help

thanks alot

p.s. ive beent told to post this question on this forum instead of general USYD forum. sorry for spamming i just need an urgent help. Thanks again

 

[ToO LaZy ^*]

profit maximisation
efficiency of resource allocation

...and so on and so forth.

 

[jpr333]

There is no incentive to be efficient, because they are civil servants.

 

[aditya]

also it can monpolises the industry making it less competitive in the long run to international competitors and further technological progression...