Sectors of the Economy

Question 1

What are the three types of sectors?

Answer 1

1. Public sector
2. Private sector
3. Voluntary sector

Question 2

What is the public sector?

Answer 2

Businesses that are run and funded by the government

Question 3

Where does the government get the funding for public sector businesses?

Answer 3

From taxes

Question 4

How are public sector businesses measured?

Answer 4

By service levels

Question 5

Give 3 examples of businesses in the public sector.

Answer 5

1. NHS
2. Emergency services
3. State schools

Question 6

What is the private sector?

Answer 6

Businesses that are privately owned

Question 7

How are private sector businesses measured?

Answer 7

Entirely by profit, how much the business makes

Question 8

Give 4 examples of businesses in the private sector.

Answer 8

Sole Traders
Partnerships
Private Limited Companies
Public Limited Companies

Question 9

What is the voluntary sector?

Answer 9

Organisations that create social impact rather than profit

Question 10

How are voluntary sector businesses measured?

Answer 10

Fundraisng, how much money they raise

Question 11

Give 2 examples of businesses in the voluntary sector.

Answer 11

RSPCA
RSPB