Zusammenfassung der Ressource
Business Sectors
- PUBLIC SECTOR
- Aims & Objectives
- Social Objectives
- Increasing wealth
- available to all regardless
of location or income
- high quality services
as spending tax
payers money
- services offered at prices that are
cheaper than private sector or free
at the point of use
- Owned by the government
- 28 big departments
- Education
- Health
- Defences
- etc.
- Local authorities
- Police
- Libraries
- Public Goods
- Products we need in our everyday lives which
would not be profitable when left to the private
sector
- Street lighting, defence
and the police
- Merit Goods
- goods that would be under consumed when left to the market
- not affordable
- consumers might not
see the benefit
- education & health
- PRIVATE SECTOR
- Aims & Objectives
- Mainly profit
- Some social (charities
and social enterprises)
- Survival
- Image and reputation
- Market power
- Types
- Private Ltd Company
- Limited liability
- Sole Traders
- Unlimited liability
- Partnership
- Unlimited liability
- Non profit
- Charity
- Social enterprises
- Workers cooperative
- Owned by the workers