N5 BM Business Sectors and Factors of Production

Oxfam is a charity that operates in the Third Sector. Identify 2 other Sectors of Economy.

• Primary and Secondary

• Primary and Tertiary

• Private and Public

• Private and Third

Give a description of the Private Sector.

• Owned by the government on behalf of the taxpayer.

• Owned by private individuals who aim to make a profit.

• Owned and regulated by the government and aim to raise funds and awareness

• Owned by a sole trader

Enterprise is a Factor of Production. Identify the other Factors of Production.

• Land, Labour and Country

• Primary, Secondary and Tertiary

• Private, Public and Third

• Land, Labour and Capital

How many factors of production are there?

• 1

• 2

• 3

• 4

How many sectors of industry are there?

• 1

• 2

• 3

• 4

How many sectors of the economy are there?

• 1

• 2

• 3

• 4

Match the factor to the example - mining

• land

• labour

• capital

• enterprise

Match the factor to the example - employees

• land

• labour

• capital

• enterprise

Match the factor to the example - stapler

• land

• labour

• capital

• enterprise

Match the factor to the example - manager

• land

• labour

• capital

• enterprise