1.2 Different sectors of operation

Question 1

What is the private sector?

Answer 1

Part of the economy that is run by individuals and companies for profit and is not state controlled

Question 2

What is the Public sector?

Answer 2

organisations owned by the government. Provides goods and services for the benefit of the community

Question 3

What is the third sector?

Answer 3

Not for profit and not run by the government (charities)