Classification of Businesses

1. What is a type of economy that has both private sector and public sector?

(a)  

What is the part of the economy that is controlled by the state or government?

(a)  

(a)   is the production and supply of goods to the final consumer involving activities from primary, secondary and tertiary sector businesses.

(a)   is a sector that involves firms that supply a service to consumers and other businesses.

Give an example of businesses within the primary sector.

(a)  

(a)   is defined by the resources, riches and wealth of a country.

(a)   involves business activities that take the natural resources produced by primary sector activity and turns these raw materials into finished goods.

Sole traders, partnerships, limited companies, franchises, joint ventures and social enterprises are types of businesses in the (a)   sector.

Give an example of a public sector business in Thailand.

(a)  

A (a)   country has high standards of healthcare.