1.2 Types Of Organization Day 2

Slideshow Transcript

1. Slide 1:Types of Organization
2. Slide 2:What is the difference between the public and private sector?  Public sector – organizations that operate under the ownership and control of the government  Public corporations are wholly owned by the government, such as the US Postal Service  Private sector – Businesses that are owned and controlled by private individuals and organizations
3. Slide 3:Why do some organizations belong in the public sector?  To ensure everyone has access to basic services, such as health care or education  To avoid wasteful competition and enjoy the benefits of economies of scale, such as with energy or national defense  To protect citizens, such as the police or courts system  To reduce unemployment
4. Slide 4:What is a sole-trader?  Sole traders: self-employed business people who run their own businesses (private sector)  Advantages 