Business Sectores

Question 1

What is the public sector ?

Answer 1

This contains organisations that are owned by the state and are run by the national or local government

Question 2

What is the private sector ?

Answer 2

This contains organisations that are not owned by the state. This includes sole traders, private and public limited company’s and non profit organisations such as charity’s.

Question 3

Why is privatisation ?

Answer 3

This means selling an organisation from the public sector to the private sector by creating a public limited company and inviting the public to buy shares in it