Chapter 5

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1 question

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