The Public Sector Flashcards
1
Q
What is the public sector?
A
This consists of government owned organisations and agencies which aim to provide a service to the public.
2
Q
What are the key features of public sector organisations?
A
Owned by government representatives e.g. MPs or Government Department Ministers
Controlled by the government on behalf of the public.
Financed by taxation.
3
Q
What is nationalising?
A
This means private sector businesses who have been bought in part or in full by the government to stop them going bust.
4
Q
What is privatising?
A
The opposite if nationalising. This is selling a public sector organisation to the public sector.
