Studied by 0 people
Local government
A government organisation with the authority to administer a range of policies within an area of the country
Natural monopoly
Natural monopoly: an industry where a single firm can produce at a lower average cost than two or more firms because of the existence of significant economies of scale.
Strategic industries
industries that are important for the economic development and safety of the country
National champions
industries that are or have the potential to be world leaders
Note
Flashcard