sectors of economy Flashcards
(4 cards)
1
Q
what are the 3 types of sectors of economy?
A
public,private and third
2
Q
explain the private sector
A
they are organisation owned by private individuals which exist to make a profit
3
Q
explain the public sector
A
these are services and agencies run by the government on our behalf
4
Q
explain the third sector
A
non-profit making organisations that exist to support an aim/cause
