LO1: sectors of the economy Flashcards

1
Q

what three sectors are there in the sectors of economy?

A

private, public, third

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2
Q

what is the private sector?

A

organisation controlled by private individuals

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3
Q

what is the public sector?

A

organisations controlled by government

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4
Q

what is the tertiary sector?

A

organisations that are neither public or private sectors

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5
Q

examples of tertiary sectors?

A

charities, community groups and social enterprises

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6
Q

examples of public sectors?

A

NHS, schools, police and fire

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7
Q

examples of private sectors?

A

supermarkets, manufactures and hairdressers

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