5 Public Corporations Flashcards

1
Q

productivity

A

Rate at which goods are produced, and the amount produced, especially in relation to the work, time and money needed to produce them

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2
Q

Public corporations

A

Business organisations owned and controlled by the state/governement

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3
Q

infrastructure

A

basic systems and structures that a country or organisation needs in orde to work properly

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4
Q

natural monopoly

A

market where it is more efficient to have just one organisation meeting total market demand

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5
Q

subside

A

paying part of the costs (often by the government in business)

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6
Q

privatisation

A

transfer of public sector resources to the private sector (business)

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