Types of business organisation - Public Sector
- 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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