Sectors of economy Flashcards
1
Q
Three sectors of economy
A
Public
Private
Third
2
Q
Who is the Public sector owned by
A
Owned by the government
3
Q
Public sector controlled
A
Controlled by elected officials/MPs
4
Q
Public sector finance
A
Taxes
5
Q
Public sector examples
A
NHS
Schools
Army
6
Q
Private sector ownership
A
Private individuals
7
Q
Private sector control
A
Private individuals
8
Q
Private sector finance
A
Bank loans
Grants
Mortgages
9
Q
Private sector example
A
Nike
10
Q
Third sector ownership
A
Founder
11
Q
Third sector control
A
Board of trustees
Committee
Board of directors
12
Q
Third sector finance
A
Donations
Subscriptions
13
Q
Third sector example
A
Charities - Red Cross
Clubs - brownies
Social enterprise
14
Q
Private sector main aim
A
Make a profit
15
Q
Public sector main aim
A
Provide a service
