public and collective business ownership
DESCRIPTION
Public Business Ownership, Business, Ownership, Cooperative, CollectiveTRANSCRIPT
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PUBLIC AND COLLECTIVE
Business ownership
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PUBLIC OWNERSHIP
Also known as Government ownership
local governments often own parking structures, lotteries, water systems and rail systems
Most of the time public ownership stems from not enough private investors willing to take on a high-risk project, or investors don’t see potential for profit.
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COLLECTIVE OWNERSHIP
Around 100 million people are employed by co-ops worldwide.
The Benefits of a cooperative include: having support during hard economic times, sharing equipment and knowledge, and pooling together resources.
Co-ops are typically found in agricultural businesses.
(CO-OPS)