Business Terms and Jargon Explained

What is Quasi-corporations

These are unincorporated enterprises that function as if they were corporations, and are treated as such for classifying to institutional sectors. There are three main types of quasi-corporation in the accounts: unincorporated enterprises owned by government that are engaged in market production, unincorporated enterprises (including partnerships) owned by households and unincorporated enterprises owned by foreign residents.

Crown Copyright. Material taken from National Statistics website: www.statistics.gov.uk. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2007-01-19 15:37:30

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