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Public and Private Ownership
Ownership   Within a mixed economy:  private and public ownership exists.
Public Sector   Public Sector   Owned / controlled by central / local government. Mainly funded through taxes.  Essential services for good of whole community.  Profit not usually a major objective.  Other Objectives can be: Save jobs Keep prices low
This Provides the following services: Public Sector Central Government ,[object Object],[object Object],[object Object],[object Object]
Public Sector Local Government ,[object Object],[object Object],[object Object],Local Authorities  provides such as:
Privatisation The selling of state owned assets to the private sector, transferring nationalised industries back into private ownership.   Policy pursued in recent years in China although many firms still partly owned by Government.
Privatisation Examples of nationalised industries in UK were (dates show year of privatisation):   British Telecom (1984) British Gas (1988) British Airways (1987) British Steel (1988) Water Boards (1989) Electricity Boards (90) British Coal (1994) Railtrack (1996).   Now find out anything you can on privatisations that have occurred in China (Group work 15 minutes activity.
China’s Privatisation ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Against In Favour  ,[object Object],[object Object],General Points Privatisation
In Favour  ,[object Object],General Points Privatisation
Against ,[object Object],[object Object],General Points Privatisation
Against Privatisation General Points ,[object Object],[object Object],[object Object]
Private Sector Private sector organisations owned, controlled by private individuals eg Sole traders, partnerships, limited companies.  –Remember Public Limited companies are in the private sector!

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Igcse nationalised industries and privatisation

  • 1. Public and Private Ownership
  • 2. Ownership Within a mixed economy: private and public ownership exists.
  • 3. Public Sector Public Sector Owned / controlled by central / local government. Mainly funded through taxes. Essential services for good of whole community. Profit not usually a major objective. Other Objectives can be: Save jobs Keep prices low
  • 4.
  • 5.
  • 6. Privatisation The selling of state owned assets to the private sector, transferring nationalised industries back into private ownership. Policy pursued in recent years in China although many firms still partly owned by Government.
  • 7. Privatisation Examples of nationalised industries in UK were (dates show year of privatisation): British Telecom (1984) British Gas (1988) British Airways (1987) British Steel (1988) Water Boards (1989) Electricity Boards (90) British Coal (1994) Railtrack (1996). Now find out anything you can on privatisations that have occurred in China (Group work 15 minutes activity.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14. Private Sector Private sector organisations owned, controlled by private individuals eg Sole traders, partnerships, limited companies. –Remember Public Limited companies are in the private sector!