Topic:
According to the Centre for the study of regulated industry (CRI), the business structure of the water industry underwent two major changes, one in 1972 and the other in 1989. The overall structure established at privatisation in 1989 has not changed dramatically since. The coursework question is: Discuss the market structures and ownership that existed prior to 1972 and the ones which emerged after privatisation in 1989. What economic factors contributed to the restructuring of the water industry?
Details: Plan:
1) Introduction
2) Headings
3) Coherency
4) Conclusion
b) Market Structure Prior to 1972 [approximately 400 words]
-- Identification of the market structure.
-- Characteristic features of the water industry prior to 1972
-- Its advantages
-- Its disadvantages. .
-- Diagram or table and analysis
c) Market Structure Since 1989 [approx. 400 words]
-- Identification of the market structure
-- Characteristic features of the water industry since 1989
-- Its advantages
-- Its disadvantages
-- Diagram or table and analysis
d) Economic factors that led to the restructuring [approx. 300 words]
-- Discuss why it became necessary to restructure the water industry
-- Explain the economic benefit/rationale and
- the beneficiaries
-- Diagram
e) Research, Referencing and Sources
Your arguments should be supported and sources should be referenced(both in- text and Bibliography) using the Harvard Referencing System.
You will need to use at least 5 relevant and reliable sources:
-- three sources have been provide:
--Chapter 5: Market Structures from Essentials of Economics 6th edition by J. Sloman and D. Garratt, D; published by Pearson in Harrow, in 2013, pp. 93-122. (2013).
--An online Research Report 14 by Peter Bailey: The Business and Financial Structure of the Water Industry in England and Wales, published in 2013, available at https://www.bath.ac.uk/management/cri/pubpdf/Research_Reports/14_Bailey.pdf
--Unit 3 Micro: Economics of the UK Water Industry by Geoff Riley, published in 2012 (you could see it in the attachment)
-- additionally, you will need to conduct your own research and find two more relevant and reliable sources to support your arguments.
Be careful with plagiarism, because we will do a turnitin (the program that is checking the plagiarism)
No# of Pages: 6 pages (1,500 words)
Paper Style: Harvard
No# of Sources Required: 5