______________________ _______________________________ ______________________

What ownership are businesses under when they are run or controlled by the Government?

Understand Public ownership and its differenceto private ownership All- identify the difference Most -Can do the above and explain the difference in detail giving the main role the state play Some - Can do all of the above and explain in detail the role of the state in public ownership giving examples and real istic explanations

Some business are under public ownership and controlled by the state Run by the state on behalf of others A business can also be controlled by trustees, who oversee, the business affairs. e.g Parks

1. Government departments 2. Local Authorities 3. Health Trusts 4. Public Corporations

It is called PUBLIC OWNERSHIP because it is us ‘_____________’ that help the Government fund Government departments or organisations such as the department of transport, refuse collection and health care!!! WE PAY _____ e.g road tax, income tax All the tax we pay goes to the Government and they keep it in a pot and then use our tax, so our money, to _________ organisations such as ____________ and refuse collection so that we get that service at it’s best.

Complete the worksheet ‘The Publicly Owned’ BE READY TO GIVE YOUR ANSWERS TO THE CLASS!

YOU HAVE 5 MINUTES TO RESEARCH 5 DIFFERENT PUBLICLY OWNED BUSINESSES THAT WE HAVE NOT ALREADY TALKED ABOUT AND WRITE THEM ON YOUR SHEET!