GCSE Business Studies Unit 1 Starting a Business Public Sector.

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Presentation transcript:

GCSE Business Studies Unit 1 Starting a Business Public Sector

Images © thinkstockphotos.co.uk Learning Outcomes Students should be able to: explain the meaning of the term public sector compare and contrast public and private sector organisations in terms of ownership, purposes and aims, control and finance Images © thinkstockphotos.co.uk

Images © thinkstockphotos.co.uk Mixed Economy The United Kingdom and Ireland has a mixed economy This means that ownership and control is divided between the: private sector public sector Images © thinkstockphotos.co.uk

Images © thinkstockphotos.co.uk Mixed Economy UK Economy Private Sector Sole Traders Partnerships Limited Companies Franchise Public Sector Public Corporations Local Councils State Services Images © thinkstockphotos.co.uk

Images © thinkstockphotos.co.uk Which Sector? Classify the following organisations as private or public sector Boots UK Post Office PSNI BBC Translink Corner Shop Sainsbury's Supermarket Fire Service Craigavon Area Hospital Jack Wills Images © thinkstockphotos.co.uk

Images © thinkstockphotos.co.uk Which Sector? PRIVATE SECTOR Boots UK Post Office Corner Shop Sainsbury’s Supermarket Jack Wills PUBLIC SECTOR PSNI BBC Translink Fire service Craigavon Area Hospital Images © thinkstockphotos.co.uk

Images © thinkstockphotos.co.uk Private Sector Business set up by: individuals/entrepreneurs who seek to make a profit organisations, who are owned by shareholders Images © thinkstockphotos.co.uk

Images © thinkstockphotos.co.uk Public Sector Organisations controlled and financed by central or local government Main aim of providing a service to the public Provides goods and services to the community through: public corporations e.g. Translink local government e.g. Mid and East Antrim Borough Council state services e.g. NHS Images © thinkstockphotos.co.uk

Images © thinkstockphotos.co.uk Compare and Contrast Private Sector Public Sector Ownership Owned and managed by private individuals and organisations Part of the country’s economy where the control and maintenance are in the hands of Government Purpose and aims Set up with the main aim of making a profit. Others aims include: survival, growth, corporate image and concern for the environment The aim of the public sector is to serve people in the public sector Control Controlled by individuals and organisations: Sole owner Partners Shareholders Controlled by the Government on behalf of the general public. Government has full control over activities of public sector organisations Finance Raised by the owner from personal funds, shareholders or financial institutions The public sector is finance by taxes placed on individuals and businesses Images © thinkstockphotos.co.uk

Images © thinkstockphotos.co.uk Pupil Activity Working individually you have twenty minutes to answer the following past paper questions: 2011 Question 1e & f 2015 Question 4a 2016 Question 1d Images © thinkstockphotos.co.uk

Learning Check Can you: explain the meaning of the term public sector compare and contrast public and private sector organisations in terms of ownership, purposes and aims, control and finance Images © thinkstockphotos.co.uk