Notes on basic economics concepts.

Economics Notes

The Public and Private Sectors - Mind Map

View larger version of the mind map.

• Mixed Economy
  
  • Economic Activity:
    
    • Production (Selling)
    • Consumption (Buying)
    • Exchange
  • Balance Between Sectors
  • Efficiency
  • Service
  • Value for Money
• Private Sector
  
  • Private Goods
  • Mutually Exclusive in Production
  • Types of Business Organisation:
    
    • Sole Trader
    • Partnership
    • Private Limited Company
    • Public Limited Company (plc)
    • Co-operative
    • Charities
  • Profit Motive
    
    • Revenues
      
      • Price Targeting
    • Costs
  • Privatisation
    
    • Contracting Out
    • Value for Money?
• Public Sector
  
  • Central Government
    • Law and Order
    • Education and Skills
    • Foreign Office
    • Media Culture and Sport
    • Trade and Industry
    • Agriculture and Rural Affairs
    • Social Security
    • Defence
    • Health
    • Transport
  • Local Government
    
    • Parks
    • Refuse
    • Emergency Services
    • Local Health
    • Education
    • Trading Standards
    • Libraries
    • Roads, Paths, Byways etc
    • Arts
    • Car Parks
    • Food Hygiene
    • Street Lighting
    • Youth Services
  • Merit Goods
  • Public Goods
    
    • Non-Mutual Exclusivity in Production
  • Income
    
    • Taxation
    • Business Rates
    • Government Borrowing
    • Charges for Services
  • Services 'free' at the point of use

| Private and Public Sector notes | Economics Notes index |