Sectors of Economy

The 3 Sectors of Economy are?

• Public Sector

• Private Sector

• Third Sector

• Economic Sector

True or False. A partnership is a type of business in the private sector.

• True

• False

A Sole Trader is owned by

• Shareholders

• 2 to 20 partners

• One person

Charities are organizations working in the...

• Third Sector

• Private Sector

• Public Sector

Apple is a Public Limited Company (PLC) controlled by a

What am I? I am a Private Sector organisation, owned by shareholders, I sell shares on the Stock Market to the public and I am managed by a Board of Directors.

• Private Limited Company

• Public Limited Company

• Partnership

• Franchise

A lawyer's firm is an example of what type of organization?

• Public Sector

• Partnership

• Third Sector

• Private Limited Company

The NHS is an example of what type of organization?

• Third Sector

• Public Sector

• Public Limited Company

• Private Sector

What are the features of a Private Limited Company?

• Owned by Shareholders

• Financed by selling shares in the company

• Financed by selling shares to the public on the Stock Market

• Controlled by a Director or Board of Directors

A sole trader gets to keep any profits made for themselves

• True

• False