Please enable JavaScript.
Coggle requires JavaScript to display documents.
Who are the players that influence economic change in places - Coggle…
Who are the players that influence economic change in places
Private
Investment :check: + profit led
e.g company directors, shareholders
Multiple partners used when project will lead to benefits for 1 or more partner
Single company - new investment used to expand product range - increase profits + expansion
advantages :
Energetic, creative, competitive = reduced costs
Disadvantages
Serves company not public interest
public
Policy led :red_cross:Profit
MPs, Gov, regional + local councils
Used for infrastructure + public services where income is lower than costs
e.g infrastructure - HS2
advantages
Provides services + infrastructure where they're needed
Disadvantages
Slow + inaccurate budgeting
Mixed pub + prove players
Used when cost is high but can be shared - used in housing to make it affordable
Advantages
Works well in UK , NHS
Disadvantages
different sectors need to understand each other