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Examen
Business A Level Definitions / 100% CORRECT Answers
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---23diciembre 20232023/2024A+
- Privatisation - The action of selling business organisations owned and controlled by the state 
to investors in the private sector 
Nationalization - Occurs when privately owned business transfer ownership and control to 
the state 
Minimum Wages - Employers are forbidden to pay lower than the determined minimum 
wage per hour/week/month 
Monopoly - A market where only one supplier exist 
Collusion - An agreement between businesses which restricts competitions by fixing prices 
and sharing c...
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