top of page

Economics explained


microeconomic policies



The secret to scoring awesome grades in economics is to have corresponding awesome notes.
A common pitfall for students is to lose themselves in a sea of notes: personal notes, teacher notes, online notes textbooks, etc... This happens when one has too many sources to revise from! Why not solve this problem by having one reliable source of notes? This is where we can help.
What makes TooLazyToStudy notes different?
Our notes:
  • are clear and concise and relevant
  • is set in an engaging template to facilitate memorisation
  • cover all the important topics in the O level, AS level and A level syllabus
  • are editable, feel free to make additions or to rephrase sentences in your own words!

    Looking for live explanations of these notes? Enrol now for FREE tuition!


Nationalisation is the process of raking assets into state ownership - it is when the government takes over private-sector corporations. A nationalised organisation is also known as a public-sector organisation.

Many countries in the world have nationalised their railways, airlines, mining, electricity and water industries as well as, more recently, banks and financial services.

There are some very relevant economic arguments to support nationalisation.

Strategic services

It makes sense for certain strategic services and activities to be in the hands of the public sector. This is particularly true of railways, bus services, airports and electrical and water supplies. There is also a long-standing socialist view that such services are for the benefit of the public and should therefore be in the public sector.

Duplicate services

There is little sense in duplicating certain services like railways and water supplies, largely because of the high costs of establishing that provision.

Profits reinvested

Any profits made will be returned to the business and reinvested for the benefit of the public.

Provide loss-making services

State-owned industries are more likely to respond to the public interest, ahead of the profit motive. For example, state-owned industries are more likely to cross-subsidise unprofitable operations from profitable ones.

bottom of page