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2.1 Financial, Social & Cultural Enterprises - Coggle Diagram

- - - - ADVANTAGES: continuity of existence, limited liability, work is shared, easier to raise finance.
      - DISADVANTAGES: more difficult to set up, longer decision making
    - - eg CREDIT UNION owned by shareholders. one vote per member.
    - - DISADVANTAGES: do all the work, UNIMITED LIABILITY, suffer all the loss
      - BENEFITS/advantages : own boss, keep all the profits, eaSY to set up
    - - OWNED FULL OR IN PART BY THE GOVT.
      - CIE
      - RTE