government-owned corporations
The government gets its income to provide public services to its citizens from taxes.
Government corporation
Discussion of areas of market failure. This will be expressed in general terms - syllabus mentions the government as a producer of goods and services but does not deal with public and merit goods.
A private sector in an economy is made up of all businesses and firms owned by ordinary members of the general public. It also consist af all the private households in which people lives..,whereas, public sector in an economy is owned and controlled by a government . It consist of government businesses and firms ,and goods and services provided by the government,such as the national health service, state education, jobs, roads, public parks and law and order. It also has something to do with 1.
local, state, and federal governments
Public wants are typically satisfied by government services, such as healthcare, education, infrastructure, and public safety. In addition, public wants can also be fulfilled by private businesses through goods and services that cater to the needs and desires of society.
Education, Healthcare, Economic Security, Social Security
They use taxes to provide public goods and services.
to provide public goods and services to its citizens.
Economic decisions Social order Provide public services National security
to provide service and to look after the public.