Nationalised Industries and Public Sector Enterprises: An Historical Review
The public sector of industry has had a major impact on national economies of many countries throughout the world and on public finance for some forty years, since the post-Second World War period when governments embarked on nationalisation. The extent and speed with which enterprises and whole industries were transferred from the private to the public sectors varied. In the former Union of Soviet Socialist Republics it was sudden, in the aftermath of the Bolshevik Revolution of 1917. The private sector was outlawed and the state became the producer and distributor of goods and services. This role came to an abrupt end with the collapse of the USSR in 1990.
KeywordsPublic Sector White Paper Price Policy Public Enterprise Marginal Cost Price
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SUGGESTED FURTHER READING
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