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Public Versus Private Sector - Coggle Diagram
Public Versus Private Sector
Public Sector
Types of ownership
Municipal undertaking
Leisure Centres
Bin Collections
Council Car Parks
Council Housing
Public Corporations
BBC
Bank of England
NHS
Ownership
owned by local or national government
Purpose and aims
To provide a service
Control
Decisions taken by local or national government
Capital
Finance comes from treasury
Use of Profits
Profits handed back to the treasury
Private Sector
Types of Ownership
Sole Trader
Barbers
Corner Shops
Take-Aways
Partnership
Dentists
Solicitors
Architects
Private Limited Companies
John Lewis
O'Neills
Public Limited Companies
Tesco
Asda
Bank of Ireland
Franchises
McDonald's
Subway
Spar
Ownership
Private individuals
Purpose and aims
to make profit
Control
Owners or directors make decisions.
Capital
Finance raised by private owners.
Profits
Kept by owners