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Types Of Business.
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| Submitted: Tue Sep 30 2003
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E1: Types Of Business A business can be classified according to its "sector". In the United Kingdom there are three sectors. The three sectors are:- * Public sector * Private sector * Voluntary sector The Public Sector This sector includes government-owned or government-controlled groups as well as public corporations such as the Post Office, the BBC, the Civil Service and local authorities such as County, Metropolitan or District Councils. Some businesses found locally are public sector. Local sports or leisure centres may be owned by the Council and also run by the Council. The Private Sector This sector includes businesses privately owned directly or indirectly. This sector makes up for most businesses running within the United Kingdom. The private sector businesses cover sole traders (businesses involving one person), partnerships (groups of people in a business), limited companies (owned by shareholders) and franchise operations (where traders can buy a name and set up a business already established). Privatisation is an action...
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