This is not my work. I have been asked to upload it to place in school blog for students availability.

1. BUSINESS ORGANIZATION THE PUBLIC SECTOR

2. PUBLIC SECTOR PUBLIC CORPORATIONS MUNICIPAL ENTERPRISES PARASTATALS

3. PUBLIC CORPORATIONS MAIN FEATURES Wholly owned by the state – usually nationalized private sector companies Generally, a Board of Directors operate the business

4. PUBLIC CORPORATIONS OBJECTIVES SOCIAL OBJECTIVES GENERAL OBJECTIVES

6. TO KEEP PEOPLE IN JOBS – UNEMPLOYMENT DOESN’T RISE

8. TO INCREASE EFFICIENCY

10. LESS PROBABLE FOR MONOPOLIES TO TAKE ADVANTAGE

11. IF BUSINESSES FAIL, THE GOVERNMENT CAN STEP IN TO NATIONALISE THEM. THEN, THEY CAN BE PRIVATIZED

13. SUBSIDIES CAN LEAD TO INEFFICIENCY – IT COULD BE CONSIDERED TO BE UNFAIR

14. OFTEN, WITHOUT CLOSE COMPETITION = NO INCENTIVE TO INCREASE CONSUMER CHOICE OR EFFICIENCY