Relacionar Columnas State Owned EnterprisesVersión en línea Edexcel IGCSE Business Studies Textbook Chapter 5 por Elinor Kurton 1 Contracting Out 2 Subsidise 3 Productivity 4 Merit Goods 5 Public corporation 6 Deregulation 7 Strategic Industries 8 Public Goods 9 Infrastructure 10 Natural Monopoly 11 Privatisation Services that are provided by the private sector and by the state to prevent underconsumption and to ensure everyone receives a basic level of provision, irrespective of income or location. A business organisation that is owned and controlled by the government. The rate at which goods are produced in relation to the time, work and finance needed to produce them. The type of market where production is more efficient, preventing wasteful duplication, when carried out by a single producer. When private sector organisations are given the opportunity to contract to provide services previously supplied by the state. When ownership of a state owned enterprise is transferred to private citizens and organisations. A form of privatisation where legal restrictions are lifted to allow for more competition from the private sector. Services and industries (power, communication, law and order) that are essential to national stability and security. The basic systems (power networks, transport and communication systems) essential for the operation of a country. When the state pays part of the cost paid by a business for something deemed socially desirable. Goods not provided by the private sector because they cannot make a profit from them because they cannot prevent those that have not paid from consuming the service, eg street lighting.
Crear