Chapter 5

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Frage Antworten
Public corporations
Lernen beginnen
business organisations owned and controlled by the state/government
Portfolio
Lernen beginnen
collection of business interests or products
Infrastructure
Lernen beginnen
basic systems and structures that a country or organisation needs in order to work properly
Duplication
Lernen beginnen
repeat of something
Provision
Lernen beginnen
providing something that someone needs now or in the future
Natural monopoly
Lernen beginnen
market where it is more efficient to have just one organisation meeting total market demand
Subsidise
Lernen beginnen
paying part of the costs (often by the government in business
Privatisation
Lernen beginnen
transfer of public sector sources to the private sector
deregulation
Lernen beginnen
lifting restrictions preventing private sector competition

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