From a constitutional point of view, the state is under an obligation to provide a range of services to the public in the form of general infrastructure, healthcare, education, housing, transport, energy, defence, social security and policing to name a few. Traditionally, the state, either in its own capacity or through delegated monopolies and publicly controlled enterprises has engaged in market activities in order to serve public interest.
KeywordsShrinkage Expense Aires Terion Concession
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