Sectors of Economy Flashcards
1
Q
what are the sectors of economy
A
private
public
third/voluntary
2
Q
what is the private sector
A
business involved in making a profit and surviving
3
Q
what is the public sector
A
business set up by the government involved in providing high quality service that benefits society
4
Q
what is the third/voluntary sector
A
business involved in benefitting society in a meaningful way
