5 Public Corporations

Question 1

productivity

Answer 1

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

Question 2

Public corporations

Answer 2

Business organisations owned and controlled by the state/governement

Question 3

infrastructure

Answer 3

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

Question 4

natural monopoly

Answer 4

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

Question 5

subside

Answer 5

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

Question 6

privatisation

Answer 6

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