The Irish Economy (Junior Cert Business Studies): Flashcards

Combines gov-owned & privately-owned businesses

Unprofitable rural bus routes run by government

By creating jobs for people to earn money

Lower prices & greater choice of products/services

Low corporation tax on profits

Gov-owned businesses established & funded by the state

To provide essential services that may be unprofitable

Fáilte Ireland

Selling gov-owned businesses to private investors/companies

Raises money to pay off debt or reduce taxation

Public Limited Company - public can buy shares

Businesses owned by individuals/companies, not government

Not-for-profit organisations serving community needs

Fourth factor bringing together land, labour & capital

Solve social problems rather than generate profits