Case Study – The Privatisation of Utilities
Part 1: Match the vocabulary to the correct definitions:
Part 2: Discussion
1. Should utilities such as water and internet etc. be completely privatised?
2. Do you think that the objectives of private companies and that of state-run agencies are the same?
Vocabulary from the article:
commodity (n.): a raw material or product that can be bought and sold
fully privatised (adj.): when a company is entirely owned and operated by private individuals or entities, without any government ownership or control
cut back (v.): reduce or decrease something
infrastructure (n.): the basic physical structures and systems necessary for the functioning of a society or industry, such as roads, power grids, and communication networks
(pay) upfront (v.): make a payment in advance
private equity (n.): investing in privately held companies or assets that are not publicly traded
global portfolios (n.): collection of investments from different countries and regions worldwide