Government Intervention
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T3 CC4 (key words)
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11 Terms
CMA
The competition and markets authority.
Merger
when companies join to form a larger company
Takeover
When a company buys out another company
Regulatory Failure
Where government regulation of an industry fails to achieve the best outcome for consumers and the economy
Price Regulation
Where industry prices are controlled by government regulation
Price Cap
When governments control the maximum price industries can charge customers
Deregulation
the process of reducing or removing government regulations in a specific industry or market
Competitive tendering
a process where suppliers bid for contracts against each other
Privatisation
the transfer (by sale) of public assets or services to private companies
Nationalisation
the process of transferring ownership of a company, industry or service from private to public control
Regulatory Capture
when a regulatory agency advocates for the companies it regulates, rather than the public interest
