Economy and Business Flashcard

Front

The part of the economy owned and controlled by the government.

Back

Public sector

Front

The electricity network

Back

Public sector

Front

Private sector

Back

The part of the economy owned and controlled by private individuals.

Front

What is an example of a private business?

Back

A local corner store

Front

Both the public and private sectors

Back

Important for economy

Front

Mixed economy

Back

The part of the economy consisting of private and public business

Front

A country's economy with 50% for each public and private sector

Back

China

Front

Invests capital, takes a risk, and starts a new business.

Back

Entrepreneur

Front

Business plan

Back

A detailed plan outlining the objectives, strategies, and financial forecasts for a business.

Front

A document setting out a business's objectives and how to achieve them.

Back

Business plan