Public Enterprises and Other Roles in the Economy (HSC SSCE Economics): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
GBEs (definition)
GBEs (definition)
Commercial orgs owned & operated by govt
Privatisation rationale
Privatisation rationale
Private firms operate more efficiently
Corporatisation
Corporatisation
Restructuring public enterprises to operate like private firms
NBN's significance
NBN's significance
Rare new major GBE established in modern era
Workable competition
Workable competition
Max competition achievable given industry characteristics
ACCC role
ACCC role
Competition watchdog; prevents anti-competitive behaviour
Australian Consumer Law consolidated when?
Australian Consumer Law consolidated when?
2011
Renewable resources
Renewable resources
Can regenerate (e.g., timber, fish)
Externalities
Externalities
External costs/benefits not in firm's accounts
Paris Agreement target (Australia, 2030)
Paris Agreement target (Australia, 2030)
Reduce emissions 26-28% on 2005 levels