Year 10 - Citizenship
Should public services be privatised?
How does the economy work?
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This pupil-friendly study guide includes a unit summary, clear notes, common mistakes, and quick questions with answers.
Year 10 - Citizenship
How does the economy work?
Pupils learn what the economy is, what taxes are and consider local and central government spending and risk management.
You will learn to explain how different ownership affects funding and discuss whether public services should be privatised or owned by the Government.
Public services, like the NHS, are primarily funded through taxation, ensuring equitable access to essential services. Private services rely on customer payments and private investment, often prioritising profit generation.
in this context, owned and run by the UK Government and funded out of tax.
Mistake: All public services are owned and run by the UK Government. Correction: Since Margaret Thatcher's Government (1979-1990), many public services in the UK have been sold and are now owned by private companies, including British Rail, British Steel, British Telecom and British Gas.
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