the tird sector Flashcards
(10 cards)
what is the third sector?
The aim of organisations in this sector is not to make profits, but to raise money for good causes or to provide facilities for their members. Most voluntary organisations are set up as charities, for example Oxfam, RSPCA and the Scouts. They are formed by people who share similar beliefs or concerns who then become members of the charity/organisation. Any profits that charities make are used to help their cause
what is a charity commisioners?
Charities have to be registered with the Charity Commissioners, who watch over their activities. Once they are registered as a charity they are given ‘charitable status’ which means they do not have to pay some taxes eg VAT.
what are the aims of the third sector? charities and what they do
charities
To raise as much funds as possible for their cause.
To help people/animals in need.
To open more branches - charity shops.
To provide a service for their members.
what are the 3 sectors of economy?
private sector, public sector and third sector
what are the 4 parts of the private sector?
sole trader,partnership,private limited company and public limited company
what are the three parts of the public sector?
local authority, Central government and public corporations
what is an example of a local authority?
schools and libaries
what is examples of central government?
hospitals,police,fire service and armed forces
what is an example of a public corporation?
BBC
what are 3 key features of the third sector?
They are administered by officials who are appointed to ensure objectives are met.
They raise money from donations, fundraising activities and membership fees.
They exist to help particular groups of people/animals/wildlife or to provide a service for their members.
