the public sector Flashcards
identify the three levels of government
- local government
- national government
- central government
describe the public sector
As you know already the Public Sector is made up of organisations that are Government controlled. They often provide services that a privately run organisation alone might struggle to do fairly or at a profit e.g. Defence or health care.
what is privatisation
Privatisation is when a business that is owned by the government is sold to an individual.
what is the difference between privatisation and nationalisation
Privatisation is when a business that is owned by the government is sold to an individual. Nationalisation is when the government buys a certain business or firm from an individual in the private sector.
what are the public sector features
owned by - Privatisation is when a business that is owned by the government is sold to an individual.
controlled by - the government
financed by - taxation