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Social Science
Economics
Microeconomics glossary
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Groups who have an interest in the activity of business
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Shareholders
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Terms in this set (34)
Groups who have an interest in the activity of business
Shareholders
A monopoly that is owned and managed by the government
State monopoly
Government-provided goods or services - funded through tax revenue, in order to provide goods which have positive externalities or are public goods
State provision
Payments by the government to suppliers that reduce their costs. The effect is an increase in supply and a reduction in the market equilibrium price.
Subsidy
Goods in competitive demand and act as replacements for another product.
Substitutes
