Private vs Public sector
•Download as PPTX, PDF•
8 likes•22,858 views
The document compares the private and public sectors. The private sector consists of privately owned organizations like corporations, partnerships, and charities. It includes households and companies and is responsible for allocating most resources in an economy. The private sector includes sole proprietorships, partnerships, and corporations. The public sector consists of government-owned and operated organizations at the federal, provincial, or municipal level. The document then lists some key differences between the private and public sectors, noting the private sector has unlimited jobs and work hours but no job security, while the public sector has limited jobs and hours but more secure employment. Public and private schools and hospitals are also briefly mentioned.
Report
Share
Report
Share
Recommended
Difference between Public and Private Sector
Difference between Public and Private Sector- for GCSE Citizenship- by http://www.tes.co.uk/teaching-resource/Public-and-Private-Sector-6197407/
role of government
This document discusses the changing role of governments in economies over time from the 16th century to the present. It notes that governments initially played a large role in economies, which declined with the rise of laissez-faire ideology in the 18th-19th centuries. However, the failures of laissez-faire led to an increased government role in the 20th century to address issues like inequality, externalities, and economic stability. The document concludes that modern mixed economies involve both regulatory and promotional roles for governments, including market interventions to correct failures, providing infrastructure and incentives to stimulate the private sector.
Private sector
This document outlines the meaning, examples, characteristics, importance, and conclusion regarding the private sector. It defines the private sector as organizations that are owned, managed, and controlled by private individuals or institutions, with the goal of maximizing profit. It provides examples of major Indian private sector companies and discusses characteristics like private ownership, profit motive, and independent management financed privately without state participation. The importance discussed includes greater efficiency due to competition, increasing profits and government revenue, prioritizing economy, and making quicker decisions without bureaucracy. In conclusion, it states that the private sector is the foundation for economic progress in India.
Unit 6 - Role of Government In Business - Notesdes
The government regulates business in several ways:
1) Creating laws to foster economic success and protect competition, business agreements, and production processes.
2) Regulations occur at the federal, state, and local levels and the federal government oversees interstate commerce.
3) Governments serve citizens by providing key services and goods using tax revenue, distributing income through programs, and providing jobs, incentives, and allocating resources.
Mixed Economy [ECO101]
This document presents information about a mixed economy system. It defines a mixed economy as one with characteristics of both capitalism and socialism, allowing some private business driven by profit as well as government intervention in economic activities. It provides examples of private versus public goods and services. It also outlines features, models, examples of mixed economy countries, pros and cons, differences from capitalism and socialism, and the role of government in regulating a mixed economy.
The role of the government in the economy
Government intervention in the economy is necessary to fulfill roles that the private sector cannot, such as ensuring steady growth, full employment, and price stability. The government guides economic activity through fiscal and monetary policy, and intervenes to address market failures like externalities. It regulates business, provides public goods, redistributes income, and preserves societal values that markets do not consider.
Unit 5 financial information and decisions
Businesses need finance for various reasons such as starting up, expanding, or dealing with difficulties. They need finance for both capital expenditures like fixed assets and revenue expenditures like daily expenses. There are internal and external sources of short, medium, and long-term finance. Internal finance includes retained profits and external includes bank loans and issuing shares. Choosing a source depends on factors like the amount needed, business size and legal form, and the purpose and time period of the finance. Cash flow is important as it represents money in and out of the business, and cash flow forecasts help managers plan for and address potential cash flow problems.
Mixed economy
The document provides an overview of a mixed economy, which combines elements of a market economy and planned economy. A mixed economy allows for private business and economic freedoms, but the government also regulates businesses and the economy through taxation and public services. It describes how the private sector and public sector benefit each other through taxation that funds infrastructure like roads, which private entities then construct. Examples of mixed economies include the U.S., U.K., and other developed nations. It concludes by listing some key elements of a mixed economy, such as private ownership and participation in managerial decisions.
Recommended
Difference between Public and Private Sector
Difference between Public and Private Sector- for GCSE Citizenship- by http://www.tes.co.uk/teaching-resource/Public-and-Private-Sector-6197407/
role of government
This document discusses the changing role of governments in economies over time from the 16th century to the present. It notes that governments initially played a large role in economies, which declined with the rise of laissez-faire ideology in the 18th-19th centuries. However, the failures of laissez-faire led to an increased government role in the 20th century to address issues like inequality, externalities, and economic stability. The document concludes that modern mixed economies involve both regulatory and promotional roles for governments, including market interventions to correct failures, providing infrastructure and incentives to stimulate the private sector.
Private sector
This document outlines the meaning, examples, characteristics, importance, and conclusion regarding the private sector. It defines the private sector as organizations that are owned, managed, and controlled by private individuals or institutions, with the goal of maximizing profit. It provides examples of major Indian private sector companies and discusses characteristics like private ownership, profit motive, and independent management financed privately without state participation. The importance discussed includes greater efficiency due to competition, increasing profits and government revenue, prioritizing economy, and making quicker decisions without bureaucracy. In conclusion, it states that the private sector is the foundation for economic progress in India.
Unit 6 - Role of Government In Business - Notesdes
The government regulates business in several ways:
1) Creating laws to foster economic success and protect competition, business agreements, and production processes.
2) Regulations occur at the federal, state, and local levels and the federal government oversees interstate commerce.
3) Governments serve citizens by providing key services and goods using tax revenue, distributing income through programs, and providing jobs, incentives, and allocating resources.
Mixed Economy [ECO101]
This document presents information about a mixed economy system. It defines a mixed economy as one with characteristics of both capitalism and socialism, allowing some private business driven by profit as well as government intervention in economic activities. It provides examples of private versus public goods and services. It also outlines features, models, examples of mixed economy countries, pros and cons, differences from capitalism and socialism, and the role of government in regulating a mixed economy.
The role of the government in the economy
Government intervention in the economy is necessary to fulfill roles that the private sector cannot, such as ensuring steady growth, full employment, and price stability. The government guides economic activity through fiscal and monetary policy, and intervenes to address market failures like externalities. It regulates business, provides public goods, redistributes income, and preserves societal values that markets do not consider.
Unit 5 financial information and decisions
Businesses need finance for various reasons such as starting up, expanding, or dealing with difficulties. They need finance for both capital expenditures like fixed assets and revenue expenditures like daily expenses. There are internal and external sources of short, medium, and long-term finance. Internal finance includes retained profits and external includes bank loans and issuing shares. Choosing a source depends on factors like the amount needed, business size and legal form, and the purpose and time period of the finance. Cash flow is important as it represents money in and out of the business, and cash flow forecasts help managers plan for and address potential cash flow problems.
Mixed economy
The document provides an overview of a mixed economy, which combines elements of a market economy and planned economy. A mixed economy allows for private business and economic freedoms, but the government also regulates businesses and the economy through taxation and public services. It describes how the private sector and public sector benefit each other through taxation that funds infrastructure like roads, which private entities then construct. Examples of mixed economies include the U.S., U.K., and other developed nations. It concludes by listing some key elements of a mixed economy, such as private ownership and participation in managerial decisions.
Public enterprise
This document defines and describes public enterprises. Public enterprises are commercial or industrial undertakings that are owned and managed by the government to maximize social welfare and public interest. They are characterized by government ownership and management, financing from government funds, an objective of public welfare, and accountability. The document discusses advantages like providing essential services at low prices and avoiding private monopoly, as well as disadvantages like potential for losses, inefficiency without competition, and political interference. It concludes by outlining the government's role in reforming public sector efficiency and integrity.
Mixed Economy
Used in Economics with TAR.
includes discussion on mixed economy, characteristics, advantages and disadvantages of mixed economy, types of mixed economy, features of mixed economy, best and worst practices in mixed economy and model countries.
FORMS OF PUBLIC ENTERPRISES
This document discusses public enterprises in India. It defines public enterprises as organizations that are established, owned, financed, and managed by the government to provide essential goods and services to the public at reasonable prices, with the goal of service rather than profit. Key points made include:
- Public enterprises are characterized by government ownership and control, accountability to the public, a service motive, autonomy in operations, and a monopoly in their sector.
- Advantages include more employment, equitable distribution of amenities, access to capital, continuity of essential services, and filling gaps where private enterprises are unstable.
- Disadvantages include inefficiency, delayed decision-making, government intervention, and frequent changes in leadership.
-
Mixed economy model
The document discusses the mixed economy model. It defines a mixed economy as a combination of capitalistic economic freedom and principles of socialistic economic control. A mixed economy has elements of both private enterprise and state monopoly, with means of production shared between private and public sectors. Reasons for developing mixed economies include addressing the demerits of purely capitalist or socialist systems. Features include coexistence of private and public sectors, personal freedom, economic planning, and checks on inequality. The document outlines the private, public, and semi-public/autonomous sectors that make up a mixed economy system.
Business & Corporate Social Responsibility
CSR is an increasingly important topic for business students. This revision presentation explains the basic theory behind CSR and outlines the main arguments for and against implementing CSR. Various case studies are also provided together with links to further research.
Externalities
This document discusses externalities and how they can lead to market inefficiencies. It defines externalities as uncompensated impacts of one person's actions on another. Negative externalities like pollution lead to overproduction, while positive externalities like education benefits lead to underproduction. Government policies like Pigouvian taxes or tradable permits can help internalize these externalities and achieve socially optimal production levels. Private solutions via bargaining are also possible using the Coase theorem, but transaction costs may prevent private solutions in some cases.
Social Responsibilitie Of Business
Social responsibility of business refers to the obligation of business decision-makers to consider the welfare of society in addition to the interests of the business and its owners. The document outlines the social responsibilities that businesses have towards various stakeholders like customers, shareholders, employees, government, themselves, and backward regions of society. Businesses should take decisions that protect customers, provide fair returns and safe investments to shareholders, offer fair wages and good working conditions for employees, abide by laws and pay taxes, create jobs and utilize resources optimally, and contribute to economic development of backward areas.
PRESENTATION ON Economic system
This document discusses three main types of economic systems: capitalist, socialist, and mixed. It provides details on the key characteristics of each system as well as their main merits and demerits. A capitalist system is based on private ownership and free market principles, while a socialist system involves public or government ownership and central planning. A mixed system combines elements of both through public-private partnerships and regulation of private enterprise.
ORGANISATIONAL POLITICS-Organisational politics
ORGANISATIONAL BEHAVIOUR
Organisational politics
ORGANISATIONAL POLITICS
FEATURES OF ORGANISATIONAL POLITICS
Organisational Politics has the following features:
It aims at personal benefit arising out of use of power and not organisational benefit.
It is a deliberate effort on the part of people to use politics as a source of widening their power base.
It is not part of a person’s job requirement. It is used to benefit a person.
It can be legitimate or illegitimate political behaviour.
It moves against rationality. Decisions are based on compromises and bargain and not rational acts.
Politics takes place when an individual recognizes that achievement of his goals is influenced by behaviour of others.
Organizational Structure : Types and Classification
This document discusses different types of organizational structures. It begins by defining an organization and organizational structure. There are two main types of traditional structures discussed: line structure and functional structure. Line structure is the simplest with a clear chain of command, while functional structure groups employees by skills. Another traditional structure is the line and staff structure, which combines operational and support roles. Modern structures discussed are project structure, where experts from different functions work temporarily on a project, and matrix structure, which combines functional and project approaches simultaneously. The document provides details on the characteristics, advantages, and disadvantages of each structure type.
Legal Environment Of Business
The document discusses several legal factors that affect businesses in their operating environment. These include organizational law, securities law, contract law, consumer protection laws, employee protection laws, health and safety laws, laws regarding termination of employees, immigration laws, and government procurement laws. All of these legal factors play an important role in determining the success of businesses around the world by creating the structure for how businesses can operate and protecting important stakeholders such as consumers, employees, and investors.
Stakeholders
The document discusses stakeholders in business. It defines stakeholders as individuals or groups that are affected by or can affect a business's activities. It identifies common internal stakeholders as owners, managers, and employees, and external stakeholders as customers, suppliers, government, and the community. The document notes that stakeholders can have varying interests and levels of power over a business, and that balancing these interests is important for business success and social responsibility.
Chapter 3 enterprise
This document discusses entrepreneurship, business growth, and reasons for business success or failure. It notes that entrepreneurs take on risks but have independence. Successful entrepreneurs work hard, take risks, are creative, optimistic, and innovative. The document also discusses how governments support startups, the importance of business plans, and ways to measure business size, such as number of employees or sales. Business growth allows higher profits but can cause problems like diseconomies of scale if not managed properly. Some businesses stay small due to their industry, market size, or owners' objectives. Reasons for business failure include poor management, failure to change or plan finances properly, overexpansion, and economic or competitive influences.
Public administration versus Private administration
Public administration involves organizing resources to achieve government goals and provide public services. It focuses on managing state affairs. Private administration works for economic gain in organizations, prioritizing the interests of employees and clients. The main distinctions between public and private administration are their spheres of operation (state vs market), purposes (public service vs profit), funding sources (taxation vs profit), and accountability (public vs owners).
Government interface in business
This document discusses the roles of government in business. It outlines the general roles of government in maintaining competition, legal frameworks, stabilizing the economy, redistributing income, and providing goods and services. Specifically, the document examines the government's role as a regulator versus a provider. As a regulator, the government protects competition, business agreements, creative property, and regulates production processes. As a provider, the government provides public services, work opportunities, and supports business through programs like the Small Business Administration. The document gives examples of key laws that govern these areas such as antitrust laws, intellectual property laws, environmental laws, and securities laws.
Business environment
The document provides information about business environment and its components. It defines business, discusses the nature and characteristics of business including objectives. It explains the differences between economic and non-economic activities. It also describes the various elements of internal and external environment that affect businesses. The internal environment includes factors under a firm's control while the external environment comprises of micro and macro level factors outside its control. [END SUMMARY]
L 5 political environment
The document discusses the political and legal environment for business in India. It defines political environment as the system of government and judiciary that impacts international business. The main components of political environment are the ruling party's ideology and policies, political stability, relations with other countries, and the opposition's stance on business. The legal environment refers to the rules and regulations established by the government to regulate business, such as contract, labor, company, and consumer protection laws. However, the political and legal systems have failed to achieve goals like eliminating poverty and protecting workers due to issues like unstable governments, corruption, and inefficient enforcement of laws.
Characteristics of economic systems
A market economy is characterized by private ownership of resources, economic decisions made by individuals competing for profits, and supply and demand determining prices. Command economies have central government planning and allocation of resources with little individual freedom and competition. Traditional economies rely on customs to guide family- and ethnic group-centered economic activities like farming and gathering. Mixed economies involve shared decision-making between government and individuals, with government regulation and private ownership of production.
IGCSE BUsiness Studies Unit 2 people in business lecture ppt
1) Managers try to understand what motivates workers in order to increase productivity and profits. There are various theories on motivation including those focusing on financial incentives and non-financial factors.
2) Key motivation theories include Maslow's hierarchy of needs, Herzberg's hygiene and motivational factors, McGregor's Theory X and Y, and Taylor's financial incentive theory.
3) Motivation can come from financial rewards like wages, salaries, bonuses, and profit sharing as well as non-financial factors like benefits, job satisfaction, and achievement. Managing both is important for employee motivation.
Goal of the firm ppt @ mba
The document discusses the goal of the firm and different legal forms of business. It examines whether the goal is purely profit maximization and if shareholder wealth maximization is the same as maximizing firm value and stock price. It also defines sole proprietorships, partnerships, limited liability companies, and corporations. Finally, it outlines how corporations interact with financial markets through primary and secondary markets as well as initial public offerings and seasoned new issues.
public vs private primary schools
This document compares and contrasts private schools and government schools. It finds that private schools generally have higher teacher salaries and lower attendance rates, while government schools have higher attendance rates but lower salaries. It also examines the differences in infrastructure, facilities, teacher qualifications, discipline, funding sources, and parental involvement between private and government schools. Overall, the document suggests that private schools tend to have better infrastructure, resources, and educational quality than government schools. However, it notes that if government teachers had more support, government schools could perform as well as private schools.
Ppt. arbi
Private and public schools were compared based on facilities, class size, teaching, budgets, and administrative support. Private schools generally have smaller class sizes which allows for more individual attention. Public school teachers are often not as well paid and have low retention rates due to low starting salaries and small annual increases. Public school budgets depend heavily on local property taxes, making them subject to fiscal and political pressures. Public school systems also tend to have larger, more bureaucratic administrations that can slow down decision making. In conclusion, both public and private schools have advantages and disadvantages, so parents must decide which option best suits their needs.
More Related Content
What's hot
Public enterprise
This document defines and describes public enterprises. Public enterprises are commercial or industrial undertakings that are owned and managed by the government to maximize social welfare and public interest. They are characterized by government ownership and management, financing from government funds, an objective of public welfare, and accountability. The document discusses advantages like providing essential services at low prices and avoiding private monopoly, as well as disadvantages like potential for losses, inefficiency without competition, and political interference. It concludes by outlining the government's role in reforming public sector efficiency and integrity.
Mixed Economy
Used in Economics with TAR.
includes discussion on mixed economy, characteristics, advantages and disadvantages of mixed economy, types of mixed economy, features of mixed economy, best and worst practices in mixed economy and model countries.
FORMS OF PUBLIC ENTERPRISES
This document discusses public enterprises in India. It defines public enterprises as organizations that are established, owned, financed, and managed by the government to provide essential goods and services to the public at reasonable prices, with the goal of service rather than profit. Key points made include:
- Public enterprises are characterized by government ownership and control, accountability to the public, a service motive, autonomy in operations, and a monopoly in their sector.
- Advantages include more employment, equitable distribution of amenities, access to capital, continuity of essential services, and filling gaps where private enterprises are unstable.
- Disadvantages include inefficiency, delayed decision-making, government intervention, and frequent changes in leadership.
-
Mixed economy model
The document discusses the mixed economy model. It defines a mixed economy as a combination of capitalistic economic freedom and principles of socialistic economic control. A mixed economy has elements of both private enterprise and state monopoly, with means of production shared between private and public sectors. Reasons for developing mixed economies include addressing the demerits of purely capitalist or socialist systems. Features include coexistence of private and public sectors, personal freedom, economic planning, and checks on inequality. The document outlines the private, public, and semi-public/autonomous sectors that make up a mixed economy system.
Business & Corporate Social Responsibility
CSR is an increasingly important topic for business students. This revision presentation explains the basic theory behind CSR and outlines the main arguments for and against implementing CSR. Various case studies are also provided together with links to further research.
Externalities
This document discusses externalities and how they can lead to market inefficiencies. It defines externalities as uncompensated impacts of one person's actions on another. Negative externalities like pollution lead to overproduction, while positive externalities like education benefits lead to underproduction. Government policies like Pigouvian taxes or tradable permits can help internalize these externalities and achieve socially optimal production levels. Private solutions via bargaining are also possible using the Coase theorem, but transaction costs may prevent private solutions in some cases.
Social Responsibilitie Of Business
Social responsibility of business refers to the obligation of business decision-makers to consider the welfare of society in addition to the interests of the business and its owners. The document outlines the social responsibilities that businesses have towards various stakeholders like customers, shareholders, employees, government, themselves, and backward regions of society. Businesses should take decisions that protect customers, provide fair returns and safe investments to shareholders, offer fair wages and good working conditions for employees, abide by laws and pay taxes, create jobs and utilize resources optimally, and contribute to economic development of backward areas.
PRESENTATION ON Economic system
This document discusses three main types of economic systems: capitalist, socialist, and mixed. It provides details on the key characteristics of each system as well as their main merits and demerits. A capitalist system is based on private ownership and free market principles, while a socialist system involves public or government ownership and central planning. A mixed system combines elements of both through public-private partnerships and regulation of private enterprise.
ORGANISATIONAL POLITICS-Organisational politics
ORGANISATIONAL BEHAVIOUR
Organisational politics
ORGANISATIONAL POLITICS
FEATURES OF ORGANISATIONAL POLITICS
Organisational Politics has the following features:
It aims at personal benefit arising out of use of power and not organisational benefit.
It is a deliberate effort on the part of people to use politics as a source of widening their power base.
It is not part of a person’s job requirement. It is used to benefit a person.
It can be legitimate or illegitimate political behaviour.
It moves against rationality. Decisions are based on compromises and bargain and not rational acts.
Politics takes place when an individual recognizes that achievement of his goals is influenced by behaviour of others.
Organizational Structure : Types and Classification
This document discusses different types of organizational structures. It begins by defining an organization and organizational structure. There are two main types of traditional structures discussed: line structure and functional structure. Line structure is the simplest with a clear chain of command, while functional structure groups employees by skills. Another traditional structure is the line and staff structure, which combines operational and support roles. Modern structures discussed are project structure, where experts from different functions work temporarily on a project, and matrix structure, which combines functional and project approaches simultaneously. The document provides details on the characteristics, advantages, and disadvantages of each structure type.
Legal Environment Of Business
The document discusses several legal factors that affect businesses in their operating environment. These include organizational law, securities law, contract law, consumer protection laws, employee protection laws, health and safety laws, laws regarding termination of employees, immigration laws, and government procurement laws. All of these legal factors play an important role in determining the success of businesses around the world by creating the structure for how businesses can operate and protecting important stakeholders such as consumers, employees, and investors.
Stakeholders
The document discusses stakeholders in business. It defines stakeholders as individuals or groups that are affected by or can affect a business's activities. It identifies common internal stakeholders as owners, managers, and employees, and external stakeholders as customers, suppliers, government, and the community. The document notes that stakeholders can have varying interests and levels of power over a business, and that balancing these interests is important for business success and social responsibility.
Chapter 3 enterprise
This document discusses entrepreneurship, business growth, and reasons for business success or failure. It notes that entrepreneurs take on risks but have independence. Successful entrepreneurs work hard, take risks, are creative, optimistic, and innovative. The document also discusses how governments support startups, the importance of business plans, and ways to measure business size, such as number of employees or sales. Business growth allows higher profits but can cause problems like diseconomies of scale if not managed properly. Some businesses stay small due to their industry, market size, or owners' objectives. Reasons for business failure include poor management, failure to change or plan finances properly, overexpansion, and economic or competitive influences.
Public administration versus Private administration
Public administration involves organizing resources to achieve government goals and provide public services. It focuses on managing state affairs. Private administration works for economic gain in organizations, prioritizing the interests of employees and clients. The main distinctions between public and private administration are their spheres of operation (state vs market), purposes (public service vs profit), funding sources (taxation vs profit), and accountability (public vs owners).
Government interface in business
This document discusses the roles of government in business. It outlines the general roles of government in maintaining competition, legal frameworks, stabilizing the economy, redistributing income, and providing goods and services. Specifically, the document examines the government's role as a regulator versus a provider. As a regulator, the government protects competition, business agreements, creative property, and regulates production processes. As a provider, the government provides public services, work opportunities, and supports business through programs like the Small Business Administration. The document gives examples of key laws that govern these areas such as antitrust laws, intellectual property laws, environmental laws, and securities laws.
Business environment
The document provides information about business environment and its components. It defines business, discusses the nature and characteristics of business including objectives. It explains the differences between economic and non-economic activities. It also describes the various elements of internal and external environment that affect businesses. The internal environment includes factors under a firm's control while the external environment comprises of micro and macro level factors outside its control. [END SUMMARY]
L 5 political environment
The document discusses the political and legal environment for business in India. It defines political environment as the system of government and judiciary that impacts international business. The main components of political environment are the ruling party's ideology and policies, political stability, relations with other countries, and the opposition's stance on business. The legal environment refers to the rules and regulations established by the government to regulate business, such as contract, labor, company, and consumer protection laws. However, the political and legal systems have failed to achieve goals like eliminating poverty and protecting workers due to issues like unstable governments, corruption, and inefficient enforcement of laws.
Characteristics of economic systems
A market economy is characterized by private ownership of resources, economic decisions made by individuals competing for profits, and supply and demand determining prices. Command economies have central government planning and allocation of resources with little individual freedom and competition. Traditional economies rely on customs to guide family- and ethnic group-centered economic activities like farming and gathering. Mixed economies involve shared decision-making between government and individuals, with government regulation and private ownership of production.
IGCSE BUsiness Studies Unit 2 people in business lecture ppt
1) Managers try to understand what motivates workers in order to increase productivity and profits. There are various theories on motivation including those focusing on financial incentives and non-financial factors.
2) Key motivation theories include Maslow's hierarchy of needs, Herzberg's hygiene and motivational factors, McGregor's Theory X and Y, and Taylor's financial incentive theory.
3) Motivation can come from financial rewards like wages, salaries, bonuses, and profit sharing as well as non-financial factors like benefits, job satisfaction, and achievement. Managing both is important for employee motivation.
Goal of the firm ppt @ mba
The document discusses the goal of the firm and different legal forms of business. It examines whether the goal is purely profit maximization and if shareholder wealth maximization is the same as maximizing firm value and stock price. It also defines sole proprietorships, partnerships, limited liability companies, and corporations. Finally, it outlines how corporations interact with financial markets through primary and secondary markets as well as initial public offerings and seasoned new issues.
What's hot (20)
Organizational Structure : Types and Classification
Organizational Structure : Types and Classification
Public administration versus Private administration
Public administration versus Private administration
IGCSE BUsiness Studies Unit 2 people in business lecture ppt
IGCSE BUsiness Studies Unit 2 people in business lecture ppt
Viewers also liked
public vs private primary schools
This document compares and contrasts private schools and government schools. It finds that private schools generally have higher teacher salaries and lower attendance rates, while government schools have higher attendance rates but lower salaries. It also examines the differences in infrastructure, facilities, teacher qualifications, discipline, funding sources, and parental involvement between private and government schools. Overall, the document suggests that private schools tend to have better infrastructure, resources, and educational quality than government schools. However, it notes that if government teachers had more support, government schools could perform as well as private schools.
Ppt. arbi
Private and public schools were compared based on facilities, class size, teaching, budgets, and administrative support. Private schools generally have smaller class sizes which allows for more individual attention. Public school teachers are often not as well paid and have low retention rates due to low starting salaries and small annual increases. Public school budgets depend heavily on local property taxes, making them subject to fiscal and political pressures. Public school systems also tend to have larger, more bureaucratic administrations that can slow down decision making. In conclusion, both public and private schools have advantages and disadvantages, so parents must decide which option best suits their needs.
Private vs public school
Private schools offer specialized programs but charge high tuition fees, while public schools provide free universal education. This private school in Bulgaria offers programs in foreign languages and computer science, but admission is competitive and costs $3,000 per year, or $15,000 for the full 5 years. Meanwhile, public schools are free for all and also aim to provide a good education with updated facilities and extracurricular activities. Ultimately, both private and public schools should prioritize students learning and developing themselves.
Public school v private school
The documentary compares public and private schools in the UK by looking at facilities, students, and interviews with teachers and students. It aims to determine if private school education has an effect on GCSE exam results. Statistics will be presented at the conclusion to see if the type of school attended impacts exam performance. The documentary will be participatory with the filmmaker asking interview questions and providing commentary. Archive footage and backing music will also be included to engage audiences.
The Rising Cost of Bad Hires: How to Stay Compliant with Background Checks an...
There are a lot of things to consider when running pre-employment background checks on candidates. What kind of screening is best for each role? A candidate has a criminal record … now what? What are my rights as an employer versus the candidates' rights?
Check out PeopleMatter's 'The Rising Cost of Bad Hires' webinar presentation, featuring our partner, SterlingBackcheck's compliance experts, Curt Schwall and Albert Reynolds to:
-- Discover what kind of background checks are the most effective for certain job roles
-- Learn how to screen with 100% compliance … and avoid class action lawsuits + huge fines
-- Understand employers’ rights versus candidates’ rights when making hiring decisions
-- Find out how integrated background checks can maximize hiring efficiency, retention and customer service
Corrective action
The document outlines Monash University's processes for corrective and preventive action according to relevant standards and legislation. It defines key terms and describes the procedures for addressing non-conformances and hazards identified through workplace inspections, audits, incident reporting, and other review activities. Records of corrective actions, inspections, audits, and issues discussed must be kept for five years, while some like hazards and incidents must be kept indefinitely.
Corrective action
Mary Jones receives an initial written warning for poor work performance from her supervisor Tom Doe. The warning cites issues with timely processing of travel requests, incomplete travel forms, untimely filing, and ignoring instructions regarding office organization. Mary is urged to improve her performance before further corrective action.
Trends in public and private sector in india
The document discusses trends in India's public and private sectors. It provides an overview of the growth and objectives of public sector enterprises since India's first five-year plan in the 1950s. It also outlines the growth and increasing role of private sector companies in India since the 1950s. The document compares the public and private sectors in terms of their share of gross domestic savings, capital formation, employment and GDP. It notes some defects of both sectors that led to reforms.
Corrective Action & Preventive Action
A structured approach to the investigation process should be used with the objective of determining the root cause.
The level of effort, formality, and documentation of the investigation should be commensurate with the level of risk, in line with ICH Q9.
Control process
Control is an important management function that involves establishing standards, measuring performance against those standards, comparing the results, and taking corrective actions when needed. Setting plans and structures is not enough to ensure an organization is functioning properly. Control requires planning standards and organizational structures to be effective. The basic control process involves establishing standards based on factors like profitability and productivity. Performance is then measured and compared to the standards to identify any deviations. When deviations are found, corrective actions are taken to realign performance with the plans and standards. Control must be tailored to individual managers and flexible enough to adapt to changing circumstances. Barriers to effective control can include overemphasis on short-term goals and increased employee frustration with control activities.
Viewers also liked (10)
The Rising Cost of Bad Hires: How to Stay Compliant with Background Checks an...
The Rising Cost of Bad Hires: How to Stay Compliant with Background Checks an...
Similar to Private vs Public sector
Business Environment MBA
This document provides an overview of business concepts including:
1. It defines business as an organization engaged in commercial activities like production, services, or retail for earning a livelihood.
2. It discusses different types of business organizations like sole proprietorships, partnerships, and corporations.
3. It explains key concepts around the economic, political, legal, social, and competitive environments that influence businesses.
Sectors
The document discusses the differences between organized and unorganized sectors of the Indian economy. The organized sector follows government rules and regulations, provides benefits like paid leave and unions, while the unorganized sector does not and is characterized by small, low-paid operations. It also examines public and private sectors of the economy, with the public sector focused on infrastructure, welfare and social objectives, and the private sector aimed at profit.
Sectors
The document discusses organized and unorganized sectors in India's economy. Organized sectors follow government regulations, provide benefits like paid leave and unions, while unorganized sectors do not. It also outlines differences between public and private sectors, with the public sector focused on basic services and the private sector on profit.
Sectors
The document discusses organized and unorganized sectors in India. It notes that organized sectors follow government rules and regulations, have employee and employer unions, and include registered companies. Unorganized sectors do not follow standardized norms and include many small, informal businesses. It also discusses differences between public and private sectors, with public sector primarily providing basic government services and private sector made up of private enterprises focused on profit.
Industrial Ownership
There are three main types of business ownership - private sector, public sector, and cooperative sector. The private sector includes sole proprietorships owned and managed by one person, partnerships owned by two or more partners, joint Hindu undivided families governed by Hindu law, and joint stock companies that issue shares to owners. The public sector includes state-owned enterprises, public corporations, and statutory commissions established by legislation. The cooperative sector includes producer cooperatives that help increase members' production, consumer cooperatives that make goods available at reasonable prices, housing cooperatives that provide residential facilities, and credit cooperatives that provide loans to members.
What is the difference between private sector, nonprofit sector, and.pdf
What is the difference between private sector, nonprofit sector, and public sector? How are they
managed differently?
Solution
Public Sector
Public sector companies are run and governed by the federal, state, or local governments. There
can be two types of such companies - the government departments (e.g. police, post, rail,
hospitals and so on) and companies owned by the governments (e.g. banks, manufacturing units).
The basic objectives of the government departments are serving the citizens and not profit
making. The basic objectives of the companies owned by the government (i.e. government is the
majority shareholder) can, however, be profit making. The government departments raise money
from the tax paid by the taxpayers while the revenue and profit of the government-owned
companies can come from selling products and services. Public sector companies are managed
primarily by the government through its large chain of command, stringent and commonized
policies, and the government officials. There is often hardly any relationship between the reward
and performance and so it is difficult to motivate the employees of the public sectors to perform
as per the expectations.
Private Sector
Private sectors companies are those owned and managed by private entities (individuals, groups,
or companies). Again, there can be two types of such companies - the private limited and the
public companies. For the private limited companies, the shareholding is closely held by the
owners. For public companies, the shares are quoted in the share market and are open for
purchase to the general public. Both the types of companies\' primary objective is profit making.
Public companies are however come under more severe regulator\'s scrutiny as being listed in the
share market. They need to approve their major decisions from the shareholders before
implementing them. So, they are managed by the shareholders (at least by principle). On the
contrary, the private companies can make decisions with the owners\' approval only. The
management of private companies seems apparently easy. The public companies, however, have
greater access to funds from the shareholders and owners.
Non-profit sector
Non-profit sector companies are created for purposes other than making profits. There can be
two types again - public non-profits and private non-profits. The profits earned by these
companies are not accumulated in the form of reserves and surpluses but invested in some
charitable purposes. Public non-profits receive their funds from the donations of citizens and
enterprises. Private non-profits arrange funds primarily from the dedicated donors or investment
income. As far as management of these organizations is concerned, there is no clash of reward
vs. performance as that in case of the public sector. The management can be very effective. The
cash outflow can be in terms of salary paid to the employees. The only difference with profit-
making firms is that the profit for these fi.
Understanding the Business Environment
This document defines and provides examples of the private, public, and voluntary sectors. The private sector is made up of businesses aimed at making profits, such as sole traders and partnerships. The public sector is controlled by the government and provides public services, like the NHS and state schools. The voluntary sector provides community services without profit, obtaining grants and donations, and includes charities like Oxfam that address issues like poverty.
Philosophy - The Nature of the State - Government control
The document discusses the different sectors of government control. It describes the general government sector and its four subsectors: central government, state government, local government, and social security funds. Central government governs an entire nation. State government makes laws for a particular state. Local government administers towns, cities, counties. Social security funds involve compulsory contributions and government-determined benefits. It also describes the public non-financial corporations sector and public financial corporations sector, which are engaged in producing goods/services and involve roles of government in the economy respectively.
Philosophy the nature of the state - government control
The document discusses the different sectors of government control. It describes the general government sector and its four subsectors: central government, state government, local government, and social security funds. Central government governs an entire nation. State government makes laws for a particular state. Local government administers towns, cities, counties. Social security funds involve compulsory contributions and government-determined benefits. It also describes the public non-financial corporations sector and public financial corporations sector, which are engaged in producing goods/services and involve roles of government in the economy respectively.
13. ancheta, kenzie government control
The document discusses the different sectors of government control. It describes the general government sector and its four subsectors: central government, state government, local government, and social security funds. Central government governs an entire nation. State government makes laws for a particular state. Local government administers towns, cities, counties. Social security funds involve compulsory contributions and government-determined benefits. It also describes the public non-financial corporations sector and public financial corporations sector, which are engaged in producing goods/services and involve roles of government in the economy respectively.
Introduction to NGO management
Learning resources compiled by S.Rengasamy for the students doing their Bachelor and Master of Social Work Course
Jointsectorcooperativesector 140418050449-phpapp01
Joint sector industries are owned jointly by the government and private individuals, combining the merits of public and private sectors. Ownership is distributed between various public and private stakeholders, with no single party holding more than 25% without government approval. Joint sector industries aim to provide social control over industries while taking advantage of both public and private investment to promote industrial growth and development. However, they also face issues like potential corruption, lack of quality control, and limitations of both public and private sectors.
Nonprofit organization
The document discusses non-profit organizations (NPOs), the third sector, and social enterprises. It defines NPOs as organizations that do not generate profits and exist to promote public welfare rather than revenue. NPOs are often tax-exempt and can receive tax-deductible donations. The third sector refers to non-governmental, non-profit organizations that undertake social activities. Social enterprises have both social and financial goals, relying primarily on earned income to be sustainable, unlike NPOs which rely mainly on donations. The key difference between social enterprises and NPOs is that social enterprises can generate profits to reinvest in their social mission.
Chapter 5 ungc human rights
This document discusses the UN Global Compact's two principles on human rights and corporate responsibilities. Principle 1 states that businesses should support and respect human rights. Principle 2 states that businesses should avoid complicity in human rights abuses. The document then defines human rights and elaborates on both principles. It explains that businesses have a direct responsibility to respect human rights, even when not required by law. It also discusses the different types of complicity in human rights abuses that businesses should avoid, including direct, beneficial, silent, and obedient complicity.
Nonprofit organization
This document provides an introduction to non-profit organizations (NPOs) and social enterprises. It defines NPOs as organizations that exist to promote public welfare rather than earn revenue, and are often tax-exempt. NPOs, also called the third sector, include charities and voluntary organizations. They are driven solely by social goals and rely on donations, while social enterprises have both social and financial goals, using earned income to be sustainable. The key differences between social enterprises and NPOs are discussed.
nonprofitorganization-131029135831-phpapp02.pdf
The document discusses non-profit organizations (NPOs), the third sector, and social enterprises. It defines NPOs as organizations that do not generate profits and exist to promote public welfare rather than revenue. NPOs are often tax-exempt and can receive tax-deductible donations. The third sector refers to non-governmental and non-profit organizations that undertake social activities. Social enterprises have both social and financial goals, relying on earned income to be sustainable while NPOs rely on donations and have only social goals. The key difference is that social enterprises can generate profits while NPOs cannot.
Planning
Global, private, and public enterprises are the three main types of business organizations. Global enterprises operate in multiple countries through branches and subsidiaries. Private enterprises are owned by individuals or groups and include sole proprietorships, partnerships, and companies. Public enterprises are owned wholly or partly by governments and include departmental undertakings, public corporations, and government companies. Joint ventures involve two or more businesses collaborating for mutual benefit by contributing capital and sharing management.
Governance
This document discusses how governance has evolved over time. It describes how nation states emerged as the dominant form of governance but are now facing challenges to their authority from other entities. These include multinational corporations that have significant economic power, non-governmental organizations that advocate on social issues, and international organizations and agreements that influence domains like trade and security. The document argues that governments will need to develop innovative partnerships with these other players to effectively address complex problems in the future.
Sectors
The document discusses organized and unorganized sectors. The organized sector follows government rules and regulations, has employee unions, and includes registered companies. The unorganized sector does not follow standardized norms and includes many informal industries. Workers in the unorganized sector need protection as they are paid low salaries, exploited, and can be fired without cause. The document also discusses the public and private sectors based on ownership. The public sector provides basic government services while the private sector consists of private enterprises and allocates most resources. The role of the public sector in economic development includes building infrastructure, creating a strong industrial base, promoting balanced regional development, and providing public welfare services.
Similar to Private vs Public sector (20)
What is the difference between private sector, nonprofit sector, and.pdf
What is the difference between private sector, nonprofit sector, and.pdf
Philosophy - The Nature of the State - Government control
Philosophy - The Nature of the State - Government control
Philosophy the nature of the state - government control
Philosophy the nature of the state - government control
Jointsectorcooperativesector 140418050449-phpapp01
Jointsectorcooperativesector 140418050449-phpapp01
19prilerged681984065hhisnvfayijgsjioahshosbsgsuekrbr Jo.pdf
19prilerged681984065hhisnvfayijgsjioahshosbsgsuekrbr Jo.pdf
More from Jahanzeb Memon
New Dadu Sugar Mills Limited
The Piyaro Sugar Mills was established in 1977 and shut down in 1999 due to production losses, before being purchased and reopened in 2008. It processes sugarcane into various products like granulated sugar, molasses, and bagasse. The mill has several departments including processing, HR, and finance. Hundreds of workers work in shifts for daily wages of 250-350 rupees. Safety conditions are poor as workers often get injured. The mill runs only during winter and uses bagasse to power its own plant and nearby areas.
Expected value return & standard deviation
This document defines key concepts related to expected value, expected return, and standard deviation. It explains that expected value is the weighted average of all possible values of a random variable. Expected return is calculated by multiplying the probability and return of each possible scenario and summing the results. The document provides an example of calculating expected return using four scenarios. It also defines standard deviation as a measure of how spread out data is from the mean.
Successful decision making & Dell Company
Successful decision making involves choosing between options through a multi-step process. The document outlines the stages of decision making as listing options, setting timelines and responsibilities, gathering information, weighing risks and priorities, considering pros and cons of each option, and making a decision. It also provides background on Dell, including its founding in 1984 with $1,000 by Michael Dell, its growth into a Fortune 500 company, and its current status as the largest computer seller in the world with over 100,000 employees.
Pakistan Economic Indicators
This document provides economic indicators for Pakistan across several categories such as markets, GDP, labor, prices, money, trade, government, business, consumer, and taxes. It includes data on stock market indexes, currency exchange rates, GDP growth rates, employment, inflation, interest rates, current accounts, government debt, consumer spending, and tax rates. The data ranges from 2012 to 2014 and is updated on a monthly, quarterly, or yearly basis depending on the indicator.
Attock group of Companies
The document summarizes the Attock Group of Companies which includes 6 entities: Pakistan Oilfields Limited (POL) which produces crude oil and natural gas; Attock Refinery Limited (ARL) and National Refinery Limited (NRL) which refine crude oil into products like LPG, diesel and furnace oil; Attock Cement Pakistan Limited (ACPL) which produces cement; and Attock Information Technology Services and Attock Gen. Limited which provide IT services and power generation respectively. It provides details on the CEO, year founded, location and key products for each entity.
Cogs
This document outlines the calculation of cost of goods sold using a standard manufacturing costing formula. It starts with beginning inventory and purchases to calculate material available, then subtracts ending material use to get total material used. It then adds direct labor, factory overhead, and beginning work in process to calculate cost of goods in the processing period, then subtracts ending work in process to get cost of goods manufactured, which is added to beginning finished goods to get cost of goods available for sale, and then subtracts ending finished goods to calculate cost of goods sold. Additional expenses are then added to cost of goods sold to calculate total cost.
Balance of trade
This document summarizes Pakistan's balance of trade. It discusses the history and types of trade in Pakistan. It outlines key exports such as rice, cotton, and fruits and key imports such as petroleum and consumer goods. It also analyzes Pakistan's main trading partners and shows that Pakistan has experienced a trade deficit for many years. The balance of trade deficit for 2013-2014 was 1.18 trillion Pakistani rupees.
Balance of payment
The balance of payments is a systematic record of a nation's total international payments and receipts over a period of time. It includes payments for imports and outflows of capital and gold, as well as receipts from exports and inflows of capital and gold. The balance of payments has three main categories: the current account covers trade in goods and services and investment earnings; the capital account covers international capital transfers; and the financial account covers international monetary flows related to investment in assets. For example, the current account balance for a 3 month period was $385 million.
Pakistan Economy
Pakistan has a mixed economy based on agriculture, industry, and services. It faces several economic challenges including consuming more than it produces, importing more than it exports, and government spending exceeding revenues. Other issues include poverty, corruption, an unstable government, terrorism activities, and energy/water shortages. The economy relies heavily on textile exports and fuel imports. Maintaining political stability and improving social indicators are keys to strengthening Pakistan's economy.
More from Jahanzeb Memon (9)
Recently uploaded
Solutons Maths Escape Room Spatial .pptx
Solutions of Puzzles of Mathematics Escape Room Game in Spatial.io
Advanced Java[Extra Concepts, Not Difficult].docx
This is part 2 of my Java Learning Journey. This contains Hashing, ArrayList, LinkedList, Date and Time Classes, Calendar Class and more.
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
Physical pharmaceutics notes for B.pharm students
Hindi varnamala | hindi alphabet PPT.pdf
हिंदी वर्णमाला पीपीटी, hindi alphabet PPT presentation, hindi varnamala PPT, Hindi Varnamala pdf, हिंदी स्वर, हिंदी व्यंजन, sikhiye hindi varnmala, dr. mulla adam ali, hindi language and literature, hindi alphabet with drawing, hindi alphabet pdf, hindi varnamala for childrens, hindi language, hindi varnamala practice for kids, https://www.drmullaadamali.com
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Aberdeen
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
Gender and Mental Health - Counselling and Family Therapy Applications and In...
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingExcellence Foundation for South Sudan
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.Pengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptx
BBR 2024 Summer Sessions Interview Training
Qualitative research interview training by Professor Katrina Pritchard and Dr Helen Williams
How to Create a More Engaging and Human Online Learning Experience
How to Create a More Engaging and Human Online Learning Experience Wahiba Chair Training & Consulting
Wahiba Chair's Talk at the 2024 Learning Ideas Conference. Bed Making ( Introduction, Purpose, Types, Articles, Scientific principles, N...
Topic : Bed making
Subject : Nursing Foundation
Wound healing PPT
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
Recently uploaded (20)
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
B. Ed Syllabus for babasaheb ambedkar education university.pdf
B. Ed Syllabus for babasaheb ambedkar education university.pdf
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
Gender and Mental Health - Counselling and Family Therapy Applications and In...
Gender and Mental Health - Counselling and Family Therapy Applications and In...
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptx
How to Create a More Engaging and Human Online Learning Experience
How to Create a More Engaging and Human Online Learning Experience
Bed Making ( Introduction, Purpose, Types, Articles, Scientific principles, N...
Bed Making ( Introduction, Purpose, Types, Articles, Scientific principles, N...
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
Private vs Public sector
- 1. Private vs Public Sector Presented By: Jahanzeb Memon Presented to: Sir Zahoor Ali Buriro
- 2. Private Sector ذاتی The private sector is usually composed of organizations that are privately owned and not part of the government. These usually includes corporations (both profit and nonprofit), partnerships, and charities. The part of national economy made up of private enterprises. It includes the personal sector (households) and corporate sector (companies), and is responsible for allocating most of the resources within an economy.
- 3. Private Sector Three Types of Private Business 1. Sole Proprietorship Only One Owner 2. Partnership 2-20 Members or Partners 3. Corporation 21-49 Members
- 4. The public sector is usually composed of organizations that are owned and operated by the government. Federal, provincial, state, or municipal governments, depending on where you live. Privacy legislation usually calls organizations in the public sector a public body or a public authority.
- 5. Private vs Public Sector Private Sector 1) 2) 3) 4) Unlimited Jobs Un secure the Jobs Unlimited works/day Unlimited Age of Services 5) Only for Earn Profit 6) No Bear of Mistake (Fire) Public Sector 1) 2) 3) 4) 5) 6) Limited Jobs Secure the Jobs Limited times/day Limited Age of Services Only for Social Welfare Not Mentioned
- 6. Public School vs Private School
- 7. Public Hospital vs Private Hospital
- 8. Public Hospital vs Private Hospital
- 9. Thank You