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The statutory sector, comprising government-funded services, offers several advantages, including accessibility to essential services for all citizens, often regardless of their financial situation. It ensures standardized quality and accountability through regulations and oversight. Additionally, the statutory sector can address social inequalities by providing targeted support to vulnerable populations, promoting overall public welfare and stability.
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How is the statutory sector funded?
statutory sectors are funded through : local & national taxation insurance lottery funding direct donations
Advantages and disadvantages of banking sector?
n
What are the advantages of public sector banks?
Keep our mouth shut
How is statutory sector run?
The statutory sector is primarily run by government entities at various levels, including local, regional, and national administrations. It is funded through taxation and aims to provide essential services such as healthcare, education, and public safety. Operations are guided by legislation, policies, and regulations to ensure accountability and public welfare. Staffed by civil servants and public employees, the sector focuses on serving the community and meeting societal needs.
What are Advantages and disadvantages of computer in banking sector?
The advantages of computers in the banking sector include accuracy, speed and the opportunity to notice trends. Observing this can allow beneficial and directed interactions grooming customers. The disadvantage is that customers are now numbers, not people.
Is the public sector the same as the statutory sector?
Yes
What are the advantages of statutory auditing?
advantages and disadvantages of non statutory audit
What are the advantages of non statutory audits?
advantages and disadvantages of non statutory audit
Is public and staturory sector the same?
The public sector and statutory sector are related but not synonymous. The public sector encompasses all government-funded services and organizations, including federal, state, and local entities. The statutory sector specifically refers to organizations or bodies established by law or statute, often focusing on regulatory or administrative functions within the broader public sector. Thus, while all statutory bodies are part of the public sector, not all public sector organizations are statutory.
What is Voluntary and Statutory Sector Liaison?
The voluntary sector in the United Kongdom is those businesses that are charities and are operated on a non-profit basis. The statutory sector is the agencies of central or local government.
How is the statutory sector funded?
statutory sectors are funded through : local & national taxation insurance lottery funding direct donations
What is the statutory sector -?
The statutory sector involves all the organisations that are set up, controlled and funded by the government, for example public school and NHS hospitals. The statutory sector is funded by people who pay taxes and national insurance etc. This is different from the independent sector which involves organisations being run by business people who are usually in it to make profit. The independent sector is funded by the clients who use the service. Their money is used to buy supplies and pay wages etc. An example of an independent sector organisation is private schools.
Advantages and disadvantages of banking sector?
n
What are the advantages and disadvantages of diversified manufacturing sector?
no
What are the advantages in privatization of insurance sector?
Some of the advantages of privatization in the insurance sector are that diverse new products can come up as a result of competition. Competition in the insurance sector usually leads to the competitive pricing of various covers.
What is the meaning of statutory education?
the meaning of statutory involves all the organisations that are set up, controlled and funded by the government. For example public school and NHS run hospitals. The statutory sector is funded by people who pay taxes and national insurance etc.
What are the advantages of the informal sector?
it help to reduce the amount of unemployed
