1. IGCSE Business Studies
1.1.2 Classifying business enterprises between private sector and public sector in a mixed economy

2. Learning Outcomes
Students understand the differences between the public and private sectors.
Students have an appreciation of how businesses may have different objectives when in different sectors and operate differently.
Students have an appre3ciation for why public sectors and private sectors exist in a mixed economy.

3. Three Economic Types Planned Mixed Free or Market
What can you tell me about them?

4. Mixed Economy
A Mix of Public (Government owned and run) and Private (individuals or groups) goods & services

5. The Sectors PUBLIC SECTOR PRIVATE SECTOR PUBLIC LIMITED COMPANY SOLE
UNINCORPORATED
INCORPORATED
FRANCHISES
NATIONALISED
INDUSTRIES
LOCAL
GOV
CENTRAL
GOV
PUBLIC
LIMITED
COMPANY
SOLE
TRADER
PARTN-
ERSHIP
PRIVATE
LIMITED
COMPANY

6. IS BSM IN THE PUBLIC SECTOR?
Offers important goods and services for citizens with an emphasis on SERVICE
E.g. education (schools), Security (police/army), Health (hospitals/doctors) Rescue (Fire)
WHY?
IS BSM IN THE PUBLIC SECTOR?

7. Private Sector
Provides goods and services that people want or need with an emphasis on PROFIT

8. Research Task – 10 mins
Choose one business in the Private sector and one in the public sector
Research them and find out what their objectives are
Compare and contrast the objectives between the private and public sectors
HOW MIGHT THE FIRE BRIGADE AND THE POLICE FORCE OPERATE IN THE PRIVATE SECTOR?

9. Findings

10. Video… Watch the video “Objectives private vs public sectors”
Which objectives are better?

11. Plenary Questions How is the Public Sector funded?
What are the main objectives of Public and Private sector businesses?
Are Public sector businesses competitive?
Who do Public sector businesses benefit?
When should a business be in the private or public sectors? e.g. NHS & Royal Mail in UK
Should we have a Private sector at all?