The Public Sector (Leaving Cert Business): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Public sector definition
Public sector definition
Businesses/organisations funded & operated by government
Private sector definition
Private sector definition
Businesses set up by entrepreneurs, funded by private investors
Public-private partnerships (PPPs)
Public-private partnerships (PPPs)
Partnerships between public & private sectors for projects
Typical duration of PPPs
Typical duration of PPPs
25-35 years
PPP advantage: expertise
PPP advantage: expertise
Access to private sector knowledge, skills & innovation
PPP disadvantage: cost
PPP disadvantage: cost
More expensive for govt than traditional procurement
Labour force definition
Labour force definition
People employed or actively seeking employment
Ireland's largest employer
Ireland's largest employer
Government (300,000+ public sector workers)
Ireland's corporation tax rate
Ireland's corporation tax rate
12.5%
IDA Ireland role
IDA Ireland role
Attracts multinational companies to Ireland