The Mixed Economy

Britain is the model of a mixed economy. It is built up of two forms of

companies: privately- owned organizations and state -owned enterprises.
The objectives of those who perform business in these two sectors are quite
different, as private sector firms are owned by individuals, and public sector
firms and organizations are owned by central or local government. Most
businesses in Britain are privately managed and this sector is clearly seen as
a key area of the economy. The main objective of firms in the private sector
is to expand a larger share of the market. This can be achieved through an
increase in sales. This in circle will enable the business to grow, for
example, through buying up another company. The larger company will then
have a greater chance of entering different markets. The public sector has
different concerns, the principle one being to provide essential services, such
as health and education.