types of organisations
The private and public sectors
Private sector organisations - owned and controlled by private individuals rather than by the government. They differ in size, ranging from those owned and run by just one person, to large MNCs (see Multinational Companies tab) that operate around the world. The aim of most private sector organisations is to make a profit.
Public sector organisations - owned and controlled by the government. Traditionally, they provide essential goods and services that would be underprovided or inefficiently provided by the private sector e.g. health care, education and emergency services.
Profit-based organisations
Private sector organisations - owned and controlled by private individuals rather than by the government. They differ in size, ranging from those owned and run by just one person, to large MNCs (see Multinational Companies tab) that operate around the world. The aim of most private sector organisations is to make a profit.
Public sector organisations - owned and controlled by the government. Traditionally, they provide essential goods and services that would be underprovided or inefficiently provided by the private sector e.g. health care, education and emergency services.
Profit-based organisations
For-profit social enterprises