Chapter 5

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

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