Chapter 5

A public company is owned by many, shares are sold publicly on the stock exchange only if it has a minimum of 50K share capital.

Business organisations owned and controlled by the state/government

These are industries within a country that the government sees as a priority

Provision of goods and services by businesses that are owned by individuals or groups

Government organisations that provide goods and services

Is elected by society to run the country by managing its citizens and businesses in the economy

When an organisation does not manage costs effectively, poor slow service

This is when there is a change of government results in change policies

Transfer of public sector resources to the private sector (business)

Relaxing and reduction of rules and regulations to support trade

Market where it is more efficient to have one organisation meeting the total market demand

Basic systems and structures that a country or organisation need to work properly e.g. hospital, school