Relier Pairs State Owned EnterprisesVersion en ligne Edexcel IGCSE Business Studies Textbook Chapter 5 par Elinor Kurton 1 Natural Monopoly 2 Contracting Out 3 Public Goods 4 Productivity 5 Strategic Industries 6 Subsidise 7 Merit Goods 8 Deregulation 9 Privatisation 10 Public corporation 11 Infrastructure The basic systems (power networks, transport and communication systems) essential for the operation of a country. A form of privatisation where legal restrictions are lifted to allow for more competition from the private sector. The type of market where production is more efficient, preventing wasteful duplication, when carried out by a single producer. 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. 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. The rate at which goods are produced in relation to the time, work and finance needed to produce them. A business organisation that is owned and controlled by the government. 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. Services and industries (power, communication, law and order) that are essential to national stability and security. When the state pays part of the cost paid by a business for something deemed socially desirable.
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