Sectors Of The Economy

Question 1

Private sector

Answer 1

Owned and controlled by private individuals, aim is to survive and make a profit.
Sole traders
Partnerships
Private limited company

Question 2

Public sector

Answer 2

Owned and controlled by the government, aim to provide a service to the public and are funded by taxes
National health services
Education
Local government

Question 3

Third sector

Answer 3

set up to help a cause or provide a service to members , aim to raise money and increase awareness for good causes
Charities
Voluntary organisations
Social enterprises