1. Economics of Public Sector The Public Institutions David Slavata

2. The Definition The basic criteria: 1. Ownership 2. Finance 3. Legality The public sector is the part of economy which is managed by public administration, it is under public control, owned by the public, provides public goods, financed from public budgets.

3. The position of state institutions from the point of the national economy The profit sector The profit sector Non profit sector Non profit sector Public Public Private Private Households Households

4. The position of state institutions from the point of the financing, ownership, legality (Pestoff theorem) Criteria: Financing, Ownership, Legality Public non profit sector Public non profit sector NGO NGO Private profit sector Private profit sector Households Households

5. The Public Administration State administration State administration The central instituions of state administration The central instituions of state administration The local institutions of state administration The local institutions of state administration Self governmented administration Self governmented administration Regions Regions Cities Cities Question: What is the importance of government?

6. NGO´s Self benefical Self benefical Publicly benefical Publicly benefical

7. Examples Private societies (gardeners, sport fishermans, beekeepers) Private societies (gardeners, sport fishermans, beekeepers) Charities Charities Political parties (societies) Political parties (societies) Church societies Church societies Fundations Fundations

8. Private profit sector Ltd. Ltd. Share hold companies Share hold companies Self employed persnons Self employed persnons