finance

After pre-production, we start to move onto finance. There are two types of finance which we need to take into consideration, private and public sector. The public sector is built of businesses and made up of people, which compete with other business like their own however, their products are the same prise; unlike the public sector, which is built up of supermarkets, which have multiple, prises.

The public sector are not supported by profits like the private sector instead they are supported by our tax and are owned by the government; they are the ones which control what your tax it is used for in this economy. The public sector however differs from the private sector, as they are not as efficient as their service tends to be delayed; it also sometimes goes into bankrupts’ and not to standard like the private sector.

However both private and public sector are similar in the fact that they both deliver goods and services and are both customer service orientated and lastly operate within the framework of the law.