Public Sector Flashcards
1
Q
Public sector
A
✰ Financed by the government.
✰ E.g hospitals, libraries, schools
✰ they don’t operate in order to make a profit, instead they aim to provide essential services to society

2
Q
Private sector
A
✰ private sector organisations are owned by individuals or groups of individuals
✰ these firms can be large or small, owned by one person or thousands
✰ by producing and selling their goods or services, they attempt to make profits for their owners
