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

WHAT DO YOU REMEMBER?

The Government

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

Business Ownership – Part 2

Public Ownership

V’s

Public Ownership

Private Ownership

What can I do?

What am I learning today?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

Some Businesses are owned or controlled by the state!!

THEY ARE UNDER PUBLIC OWNERSHIP

1. Government departments

2. Local Authorities

3. Health Trusts

4. Public Corporations

The role the Government playsIt is called PUBLIC OWNERSHIP because it is us ‘THE PUBLIC’ that help the Government fund Government departments or organisations such as the department of transport, refuse collection and health care!!!

So how does the PUBLIC do that?

WE PAY TAX 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 fund organisations such as hospitals and refuse collection so that we get that service at it’s best.

Complete the worksheet

‘The Publicly Owned’

TASK

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!

Plenary

Task

What businesses/services did you discover?

1.

2.

3.

4.

5.

EXTENSION TASK:

Complete the questions on page 19 of the booklet

you downloaded with Miss Watson on

Friday!!!!!!

FINISH THEM FOR HOMEWORK!!!!