2. 5. The banks should keep a check on the books of accounts, balance sheet, state. Private enterprise are run by businessmen, capital is collected from the private partners. A Sole Proprietorship is a business owned and ran by one individual. Although it comes with many benefits to the user, there are potential drawbacks involved in them. The Private sector is the polar opposite and is not controlled by the state. As a public sector organisation, it faces little competition; Provides services that could be unprofitable if provided by firms in the private sector; Provides goods and services for those members of the community who cannot afford them; Disadvantages. Political interference: Public corporations are a State enterprise. There is a top professional who are working in private corporations team. The disadvantages of private sector is it is only for those who can afford to pay for example to pay for a private education Eton school is a ‘private’ school and is funded by the parents usually whereas a ‘state’ school is funded by the government. For the past twenty years, as stated by Gil (2013) , the new way by which the rapid demand of the public in terms of social vertical and horizontal infrastructures are manage is generally referred to as the Public Private Partnership (PPP). The 2009 U.S. census bureau of statistics records indicate that 16.7 percent of U.S. residents were uninsured (US Census Report, 2009). Examples of Private Sector organisations include: New Look, Harrods Group, Arcadia Group, John Lewis Partnership etc. Disclaimer Public managers are never in it for the money, they are required to disclose their salary, and cannot achieve limitless amounts like in the private sector. There is excessive Government control over public companies. Privatization is a process in which the private sector is involved in the ownership and management of the public sector or transfer of ownership and management in the private sector and economic democracy is been established by reducing government control in economic activities.. advantages and disadvantages of privatization If you’re a person who enjoys working on the cutting-edge of things, you may find yourself understimulated in the public sector. They all fall into the three main sectors: Public; Private; and Voluntary. This result in an increase in prices charged from the users of thes… PreserveArticles.com is an online article publishing site that helps you to submit your knowledge so that it may be preserved for eternity. Examples of public sector organisations include: Civil Service, HM Revenue & Customs, Crowns Prosecution Service, NHS, etc. Additionally, public sector agencies need advanced servers and security systems to cope with vast amounts of information and fire walls for complex cyber threats. Public, private and voluntary sectors in the sports industry, advantages and disadvantages of the leisure centre being in the public sector, how the local leisure centre can meet the aim of getting more local clubs to use its facilities. The harmful consequences are obvious work stoppages leading to the nation utilization of capital equipment, idle labor, wastage of Manpower, loss of production, law and order problems, etc. It may not be possible to maintain personal contacts with customers and employees. They undertake large risk associated with these projects. There are, however, a number of disadvantages associated with public corporations: i. 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