WorksheetsN5 BM Business Sectors and Factors of Production
Total questions: 20
Worksheet time: 10mins
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
Match the factor to the example - Sir Alan Sugar
land
labour
capital
enterprise
Match the sector to the example - mining
primary
secondary
tertiary
Match the sector to the example - retail
primary
secondary
tertiary
The private sector is funded by tax
True
False
What sector does Starbucks operate in?
Private
Public
Third
What sector does the Big Issue operate in?
Private
Public
Third
What sector of economy does this fall under?
Private
Public
Third
The public sector aims to make good use of taxpayers’ money and provide the services needed.
True
False
What sector of economy does Nando's belong to?
Private
Public
Third
AN ENTREPRENEUR IS A PERSON WHO _______________.
owns their own business
uses goods and services to produce labor, land, and capital.
use land, labor, and capital to produce good and services.
loves nature and runs a business
