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Topic: ECONOMICS

public service

 noun
     
public service
1 [countable usually plural]PE a service, such as transport or health care, that a government provides:
efforts to improve quality in public services
2 [uncountable and countable] a service provided to people because it will help them, and not for profit:
Local TV stations ran the ads as a public service.
3 [singular,uncountable]PG the government or its departments:
staff cuts in the public service
He left the public service and embarked on a career in the City.
Definition of public service from the Longman Dictionary of Contemporary English within
the topic ECONOMICS

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balance sheet bankrupt(a) bankrupt(v) bankrupt(n) black market boom budget capitalism capitalist cartel commodity consumer consumer goods consumption demand developed diversify downturn economic economics economist economy embargo exchange expenditure fiscal floor free trade GDP goods gross domestic product import(n) import(v) importation importer inflation International Monetary Fund labour market laissez-faire market forces market value monetary outflow peg political economy price index privatization protect protective public service real recession refund slump socioeconomic squeeze(v) squeeze(n) staple stringent subsidy surplus trough trust

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