is the sale of a state-owned company to private investors - Privatisation, is the takeover by the state of private sector firms in an industry so as to increase public control in that industry. - Nationalisation , are defined as a partnership between public sector organisations and private sector investors and businesses for the purposes of designing, planning, financing, constructing and/or operating infrastructure projects. - Public Private Partnerships (PPPs), is defined as a situation inwhich jobs are available for all those willing to work at existing wage levels - Full employment , can be defined as a situation where our goods abroad are less attractive to foreign buyers - A loss of international competitiveness, means there is an increase in output per person in the economy - Economic Growth, means the country's exports are roughly equal to its imports. - Equilibrium in the balance of payments, is defined as government policy in relation to the provision of essential goods and services to all citizens regardless of their ability to pay. - Social Policy, is the price a person or a firm has to pay to acquire that good or service - The private cost of a good or service, is the cost of that good or service to society in general. - The social cost of a good or service ,

Economic objectives of government.

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