Since different businesses attempt to do different things, different types of people are responsible for starting them in the first place. In all, 3 main types of businesses (organisations) need to be considered. These are: Public Sector Organisations Private Sector Organisations Voluntary Sector Organisations (eg Charities)
The Public Sector is a Provider Producer Buyer PROVIDER The Public Sector in the UK provides a large range of services. Part is provided free of charge to consumers (like School) and prices are charged for others, eg entrance fees to swimming pools and sports facilities.
PRODUCER The Public Sector produces some of the goods and services like education and health care. BUYER The Public Sector buys in products to help it provide various services, eg tanks (defence), road building services, equipment for parks etc
PUBLIC CORPORATIONS These are companies that are owned by central government. A government minister appoints a chairperson and board of directors to run the company on the governments behalf. Public corporations include the BBC and Royal Mail . Public corporations receive grants from the government and also raise finance from the public. The BBC charges the public for a TV licence.