Discuss the market structures and ownership that existed prior to 1972 and the ones which emerged after privatisation in 1989

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?

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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.
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?

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