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public sector - Coggle Diagram
public sector
disadvantages
Difficult to manage.
Risk of producing inefficient products.
Financial burden.
Political interference.
Misuse of power.
Consumer interests ignored.
Expensive to maintain and operate.
Anti-social activities, i.e., charging too much for a product.
examples
Education (Schools, Libraries)
Electricity.
Emergency Services.
Fire Service.
Gas and Oil.
Healthcare.
Infrastructure.
Law Enforcement.
advantages
Economies of scale.
Easier planning and coordination.
Autonomous set-up.
Protection of public interest.
Quicker decisions.
Raising funds through private sourcing.