Lesson 1 Flashcards
(20 cards)
What 3 sectors are there?
- public
- private
- not-for-profit/voluntary (also known as the ‘third sector’)
Public sector organisations are owned and controlled by either…….?
- national governments, for the benefit of the whole nation
- local authorities, for the benefit of local areas
What are public sector organisations responsible for?
the administration and welfare of the nation and its people
What do public sector organisations embrace?
political, economic and legal organisations
What 2 major administrative levels are there in public sector organisations?
- national government
- local authorities
What is the national government responsible for and what do they formulate?
National government is responsible for how a country is run. They formulate policy, create economic stability, provide public services, manage defence and maintain social order. Government departments staffed by the Civil Service run organisations such as the British Army, DEFRA and the NHS.
What are local authorities responsible for and what do they formulate?
Local authorities are responsible for a broad range of local services and infrastructure, such as health and social care, environmental services, education, economic development and planning decisions.
Describe private sector organisations?
Businesses ranging in size and structure, owned and controlled by an individual or groups, with the purpose of generating profit from their activities.
What 4 sizes of private sector organisations are there?
- micro business, 1–9 employees
- small business, 10–49 employees
- medium business, 50–249 employees
- large business, 250+ employees (no limit).
What 4 main types of business structures are there in the private sector?
- sole trader
- partnership
- cooperative
- limited company
What 2 common types of business are there in the land-based industry?
- freelance
- franchise
Definition of a freelance?
a type of sole trader who is self-employed but who carries out contract work for other businesses.
Definition of franchise?
where the owner licenses its operations, products, branding and knowledge to other individuals for a franchise fee.
What does a sole trader include?
- self-employed worker
- freelancers
- solopreneurs
What does a partnership include?
- ordinary partnership
- limited liability partnership (LLP)
What does a cooperative include?
- social clubs
- sports clubs
- mutual and beneficial societies
What does a limited company include?
- private limited company (LTD)
- public limited company (PLC)
- multinational corporations (MNC)
- community interest company (CIC)
- franchises
What 3 types of organisations are there on the not-for-profit/voluntary organisations?
- registered charities
- voluntary or community groups
- non-governmental organisations (NGOs)
What are NGOs?
organisations with social or political aims, which are independent from government and operate on a not-for-profit basis. Some NGOs have charitable status, others do not.
How’s a social enterprise started?
Social enterprise organisations are started people who have a community or cause in mind but can either be not-for-profit organisations or profit-orientated with profit-sharing values
