Chapter 5

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1 question

Draggable item		Corresponding Item
Deregulation		A public company is owned by many, shares are sold publicly on the stock exchange only if it has a minimum of 50K share capital.
Infrastructure		Business organisations owned and controlled by the state/government
Privatisation		These are industries within a country that the government sees as a priority
Public corporations		Provision of goods and services by businesses that are owned by individuals or groups
Government		Government organisations that provide goods and services
Private sector		Is elected by society to run the country by managing its citizens and businesses in the economy
Political interference		When an organisation does not manage costs effectively, poor slow service
Natural monopoly		This is when there is a change of government results in change policies
Public limited companies		Transfer of public sector resources to the private sector (business)
Public sector		Relaxing and reduction of rules and regulations to support trade
Inefficiency		Market where it is more efficient to have one organisation meeting the total market demand
Strategic industries		Basic systems and structures that a country or organisation need to work properly e.g. hospital, school