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    Public VS Private Sector

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    Lewis Worrall
    The document discusses the differences between the public and private sector. The public sector consists of central and local government and publicly owned businesses. It has shrunk in recent decades and now includes only a few entities like the Royal Mail and schools. Schools receive an annual lump sum budget from the government. The private sector is made up of sole traders, partnerships, and private limited companies owned by individuals. It includes businesses in primary industries that extract raw materials, secondary industries that process raw materials, and tertiary industries that provide services. Ormiston Bolingbroke Academy operates in the public sector, funded by government money. Jaguar operates in the private sector as a private limited company, using secondary resources from suppliers and tertiary delivery services

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    Public VS Private Sector

    Uploaded by

    Lewis Worrall
    22 views2 pages
    The document discusses the differences between the public and private sector. The public sector consists of central and local government and publicly owned businesses. It has shrunk in recent decades and now includes only a few entities like the Royal Mail and schools. Schools receive an annual lump sum budget from the government. The private sector is made up of sole traders, partnerships, and private limited companies owned by individuals. It includes businesses in primary industries that extract raw materials, secondary industries that process raw materials, and tertiary industries that provide services. Ormiston Bolingbroke Academy operates in the public sector, funded by government money. Jaguar operates in the private sector as a private limited company, using secondary resources from suppliers and tertiary delivery services

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    The document discusses the differences between the public and private sector. The public sector consists of central and local government and publicly owned businesses. It has shrunk in recent decades and now includes only a few entities like the Royal Mail and schools. Schools receive an annual lump sum budget from the government. The private sector is made up of sole traders, partnerships, and private limited companies owned by individuals. It includes businesses in primary industries that extract raw materials, secondary industries that process raw materials, and tertiary industries that provide services. Ormiston Bolingbroke Academy operates in the public sector, funded by government money. Jaguar operates in the private sector as a private limited company, using secondary resources from suppliers and tertiary delivery services

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    22 views2 pages

    Public VS Private Sector

    Uploaded by

    Lewis Worrall
    The document discusses the differences between the public and private sector. The public sector consists of central and local government and publicly owned businesses. It has shrunk in recent decades and now includes only a few entities like the Royal Mail and schools. Schools receive an annual lump sum budget from the government. The private sector is made up of sole traders, partnerships, and private limited companies owned by individuals. It includes businesses in primary industries that extract raw materials, secondary industries that process raw materials, and tertiary industries that provide services. Ormiston Bolingbroke Academy operates in the public sector, funded by government money. Jaguar operates in the private sector as a private limited company, using secondary resources from suppliers and tertiary delivery services

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Lewis Worrall

    Public VS Private sector:


    Public sector
    Public sectors are individuals and firms that are owned by the UK and local
    governments such as the Halton Government.
     Made up of central government, local government, and businesses that are
    owned by the government
     In the last twenty years the number of government-owned firms in the UK
    has shrunk massively.
     Now, very few examples remain: for instance, the Royal Mail, schools.
    With schools they get a yearly lump sum of money to budget around for example
    Ormiston Bolingbroke Academy.
    Private sector
    Private sectors are individuals and firms that are owned by private individuals
    these would include also these are separate from the UK government and local
    governments.
     Sole Traders
    Sole traders are people who are seen as both the owner and the business this
    is good as all profits earned belong to them completely yet if the company
    becomes bankrupt the owner will need to find the money for the bank instead
    of the business as a whole for example food companies that supply food to
    schools.
     Partnerships
    A partnership is a company ran between 2 – 20 people and would share
    responsibility for the business and will make decisions with a majority vote and
    if it went bankrupt they would divide the debt between all of them. An
    example of a very successful partnership would be WhatsApp that was bought
    for £12.1bn in 2014 by Facebook another example would be the Carphone
    warehouse that was first set up as a partnership.
    Lewis Worrall

     Private Limited Companies(Ltd)


    This is a type of company that offers limited liability, or legal protection for its
    shareholders but that places certain restrictions on its ownership. Examples of
    these would be Facebook, Ikea, agriculture giant Cargill, and candy maker
    Mars.
    Classifications:
     Primary – Using raw materials to gain a profit for example coal to create
    power and then make people pay for the power created.
     Secondary – using raw resources to create another product for example
    turning oil into plastics.
     Tertiary – These are services provided for example workers, doctors,
    couriers and business consultants ECT.

    Ormiston Bolingbroke Academy:


    The school operates in the public sector as they are paid via the government and
    get £7 million a year for all trips, stationary and salaries for all staff from the
    teachers to the cooks and cleaners and all the bursaries for the sixth form. The
    cook’s would use primary materials like bacon and eggs to make secondary
    products such as food for the school. Secondary materials like computers, desks
    and chairs ECT. The school is classed as a service provided by the government so it
    is a tertiary based organization.
    Jaguar:
    Jaguar operates in a private sector meaning they are not directly involved with
    the government, yet they would still have to pay taxes as they create large carbon
    emissions and could get fined if they are not regulated. They would be seen as a
    private limited company (Ltd) yet they are now partnered with the Chinese car
    manufacturer Chery. Jaguar uses secondary resources provided by the suppliers
    who used primary raw materials to make their parts, to manufacture their cars
    and this would then be dispatched so this would then be classed as using tertiary
    as they are using a delivery service.

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