CramPuppy - Free Revision Notes » Ib » Business » Types of business organisation - Public Sector
by: Admin
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Word Count: 249
Date: Sat, 2 Sep 2006 Time: 12:00 AM
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Types of business organisation - Public Sector
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- Organizations owned or
controlled by the state
Features
- Non-rivalry ? consumption of
the good by one individual does not reduce the amount available for
others.
- Non-excludability ? if one
person uses it, it does not prevent others from using it.
Public
Corporations
- Separate legal identity to
their owners, the government
Examples:
- Public utilities
- Nationalised industries
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by: Admin
Total views: 714
Word Count: 249
Date: Sat, 2 Sep 2006 Time: 12:00 AM
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