Glossary

  • Micro-entrepreneur. It is a small biz with <=10 people selling goods or services in local area.
  • P3 is public-private partnership. ROI for public is lower than private? Definition of P3 is not comprehensive. P3 is a long-term (concession period), private funded (PFI), government funding in kind (e.g. asset transfer) or subsidy, and project involving infrastructure or services. contracted/tendered by government,
  • PFI is private finance initiative. It is P3 where private entity build infrastructure or services and then government pay to use.