________: business in which one person provides the permanent finance and, in return, has full control of the business and is able to keep all of the profits.
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certificate
Share: ________ confirming part ownership of a company and entitling the shareholder to dividends and certain shareholder rights.
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Cooperative
________: group of people acting together to meet the common needs and aspirations of its members, sharing ownership and making decisions democratically.
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Government
________- directed but with private sector finance and management.
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Partnership
________: business formed by two or more people to carry on a business together, with shared capital investment and, usually, shared responsibilities.
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Charities
________: organization set up to raise money to help people in need or to support causes that require funding.
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Ltd
Private limited company (________): small to medium- sized business that is owned by shareholders who are often members of the same family; this company can not sell shares to the general public.
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Microfinance
________: provision of very small loans by specialist finance businesses, usually not traditional commercial banks.
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Privatization
________: sale of public sector organizations to the private sector.
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Public sector
________ comprises organizations accountable to and controlled by central or local government (the state)
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Social enterprise
________: business with mainly social objectives that reinvests most of its profits into benefiting society rather than maximizing returns to owners.
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private partnership
Public- ________ (PPP): involvement of the private sector, in the form of management expertise and /or financial investment, in public sector projects aimed at benefiting the public.
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Public sector organizations
________ provide essential goods and services for individual citizens and organizations.
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Mixed economy
economic resources are owned and controlled by both private and public sectors
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Free-market economy
economic resources are owned largely by the private sector with very little state intervention
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Command economy
economic resources are owned, planned and controlled by the state
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Privatization
sale of public sector organizations to the private sector
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Public corporation
business enterprise owned and controlled by the state also known as nationalized industry or public sector enterprise
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Sole trader
business in which one person provides the permanent finance and, in return, has full control of the business and is able to keep all of the profits
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Partnership
business formed by two or more people to carry on a business together, with shared capital investment and, usually, shared responsibilities
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Limited liability
the only liability or potential loss a shareholder has if the company fails is the amount invested in the company, not the total wealth of the shareholder
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Share
certificate confirming part ownership of a company and entitling the shareholder to dividends and certain shareholder rights
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Shareholders
individuals or institutions that buy/own shares in a limited company
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Private limited company (Ltd)
small to medium-sized business that is owned by shareholders who are often members of the same family; this company cannot sell shares to the general public
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Public limited company (pic)
limited company, often a large business, with the legal right to sell shares to the general public; its share price is quoted on the national stock exchange
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Social enterprise
business with mainly social objectives that reinvests most of its profits into benefiting society rather than maximizing returns to owners
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Economic
to make a profit or surplus to reinvest back into the business and provide some return to the owners
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Social
to provide jobs or support for local, often disadvantaged, communities
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Environmental
to protect the environment and to manage the business in an environmentally sustainable way
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Cooperative
group of people acting together to meet the common needs and aspirations of its members, sharing ownership and making decisions democratically
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Microfinance
provision of very small loans by specialist finance businesses, usually not traditional commercial banks
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Public-private partnership (PPP)
involvement of the private sector, in the form of management expertise and/or financial investment, in public sector projects aimed at benefiting the public
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Private finance initiative (PFI)
investment by private sector organizations in public sector projects
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Non-profit organization
any organization that has aims other than making and distributing profit and which is usually governed by a voluntary board
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Non-governmental organization (NGO)
legally constituted body with no participation or representation of any government which has a specific aim and purpose, e.g
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Charities
organization set up to raise money to help people in need or to support causes that require funding
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