3.6- Government Intervention 5.0 / 5 based on 1 rating ? EconomicsMicroeconomics- Theme 3 DefinitionsA2/A-levelEdexcel Created by: 13clarkenCreated on: 12-01-20 17:35 357214 Across 1. Private ... (PFI) is a funding arrangement under which the private sector designs, builds, finances and operates an asset and associated services for the public sector in return for an annual payment linked to performance in delivering the service (7, 10) 2. ... capture is a situation in which the regulator of an industry comes to represent the industries interests rather than regulating it (10) 4. Competitive ... is a process by which the public sector calls for private firms to bid for a contract to provide a good or service (9) 7. ... is a situation in which the public sector places activities in the hands of a private firm and pays for the provision (11, 3) Down 2. The ... is a market to be investigated under competition law, defined in such a way that no major substitutes are omitted but no non-substitutes are included (8, 6) 3. ... partnership (PPP) is an arrangement by which a government service or private business venture is funded and operated through a partnership of government and the private sector (6, 7) 5. ... is a set of measures designed to promote competition in markets and protect consumers in order to enhance the efficiency of markets (11, 6)
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