LO1: sectors of the economy Flashcards
1
Q
what three sectors are there in the sectors of economy?
A
private, public, third
2
Q
what is the private sector?
A
organisation controlled by private individuals
3
Q
what is the public sector?
A
organisations controlled by government
4
Q
what is the tertiary sector?
A
organisations that are neither public or private sectors
5
Q
examples of tertiary sectors?
A
charities, community groups and social enterprises
6
Q
examples of public sectors?
A
NHS, schools, police and fire
7
Q
examples of private sectors?
A
supermarkets, manufactures and hairdressers
