unit 9: public corporations & privatization Flashcards
1
Q
public corporation
A
business organisation that is controlled & owned by state / government
1
Q
assets
A
resources owned by a business
* ex. cash, stock
2
Q
portfolio
A
a collection (of business interests or products)
3
Q
subsidy
A
financial support given to a domestic producer by the government
4
Q
privatisation
A
transfer of public sector resources to private sector
