level: Level 3
Questions and Answers List
level questions: Level 3
| Question | Answer |
|---|---|
| What is the Public Sector of the economy? | Owned by the government on behalf of the people. Public does not want to make a profit. |
| What is the Private Sector of the economy? | owned by shareholders / individuals. Private organisations aim to make a profit. |
| What is the Third Sector of the economy? | Voluntary organisations, charities and social enterprises. They exist to bring people together and use any money to help a good cause. |
| What is the Primary Sector of Industry? | Businesses involved in extracting natural resources |
| What is the Secondary Sector of Industry? | Businesses involved in manufacturing and construction |
| What is the Tertiary Sector of Industry? | Businesses involved in providing a service |