Different Business Forms (AQA A-Level Business): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Public sector definition
Public sector definition
Part of economy owned & controlled by govt/local authorities
Public sector funding source
Public sector funding source
Taxation (not private investment)
Primary goal of public sector orgs
Primary goal of public sector orgs
Provide services to citizens (not generate profit)
What NHS provides
What NHS provides
Healthcare services to UK residents
What BBC provides
What BBC provides
Public service broadcasting
Nationalised industries definition
Nationalised industries definition
Businesses under govt ownership & control
Privatisation definition
Privatisation definition
Converting govt-owned businesses to private sector
Effect of privatisation on public sector size
Effect of privatisation on public sector size
Reduced the size of the public sector
One reason UK pursued privatisation
One reason UK pursued privatisation
To increase efficiency through competition
British Telecom privatisation year
British Telecom privatisation year
1984