Chapter 5

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

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