Topic: 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?
Guidelines
Essay Title
Introduction
You should discuss the background to the essay, the aims and objectives of the essay and your expected findings. You should also briefly discuss how you will resolve the aims and objectives of your essay.
Market Structure and Ownership Prior to 1972
Use an appropriate graph and or table to analyse;
• the characteristic features of the water industry prior to 1972,
• its advantages and
• its disadvantages
Market Structure and Ownership Since 1989
Use an appropriate graph and or table to analyse;
• the characteristic features of the water industry since 1989,
• its advantages and
• its disadvantages.
Economic factors that led to the restructuring
• Discuss why it became necessary to restructure the water industry.
• Explain the economic benefit/rationale and the beneficiaries.
Conclusion
In this section you should answer the question in the task, summarise the findings of your analysis to explain why this is the answer you are giving and then critically discuss the extent to which your findings are conclusive.
Additional areas that will be assessed are:
• Research, Sources and Referencing
You will need to use at least 5 relevant and reliable sources:
• three sources have been provided (see the Reading List and Appendix for details);
• additionally, you will need to conduct your own research and find two more
relevant and reliable sources to support your arguments.
You should not use blogs, Wikipedia, Investopedia, non-academic and non- governmental websites or other unreliable sources. Inappropriate sources will not be awarded any marks.
There should be three diagrams and please include three references which are already included in the coursework.
The essay should be 1500 words in length. In writing the essay you should make use of the basic principles of Microeconomics and the relevant theories associated with perfect competition, monopoly and oligopoly. You will also need to consider how these theories relate to the case of the UK water industry.
You should also use relevant Microeconomic diagrams in order to make your essay analytical.
No# of Pages: 5 pages (1,250 words)
Paper Style: Harvard
No# of Sources Required: 7
Language: English (U.K)
Attachment:- Appendix.rar