A1 Finance: Sources Of Finance
Public Sector VS Private sector
The private sector is made up of businesses
or corporations that are owned by people independently. This can include such
things like, local small restaurants, shopping centres or small businesses.
To make a profit as a business in the private sector the must offer desirable
products or services, or products and services that are vital to us. There is
a lot of competition within the private sector. Hence why when businesses
compete for the same profit, prices go down. For example, if two shops such
as foot locker and foot asylum are selling the same product, such as a
popular trainer. One store won’t be able to sell it for double the price as
the other store as they won’t make any profit, therefore prices go up and
down in competition for the most sales. Businesses in the private sector are
aware that if they offer poor, not up to standard service they will not make
any profit and therefore inevitably go out of business.
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However, businesses within the public sector
are not supported by their own profits therefore they have no reason to
compete. Instead, unlike businesses in the private sector they are supported
by tax funds. So even if we don’t want or particularly need anything within
the services of the private sector we still fund the continuation of it. This
also therefore implies that services in the public sector usually cost more
or/and people receive poorer services.
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Which are the charitable and
not-for-profit organisations?
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The welcome trust (a charitable foundation whose aim is
to improve the health of humans and animals.)
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Creative Europe desk UK
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The UK Charity For Cinema (CTBF)
Which are the publicly owned
companies that are publicly funded are?
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British film institute (BFI)
Which are the publicly owned
companies that are commercially funded?
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Channel 4
Which are the organisations
provide funding for feature films?
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BBC Films
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Northern Island Screen
Which Specialise In Crowd
Funding?
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Indiegogo
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Kickstarter
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