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WorksheetsS3 Sectors of Economy
Total questions: 14
Worksheet time: 5mins
A want is something you need to survive?
True
False
Food, water and shelter are examples of…..
Needs
Wants
An example of a Good is a newspaper....
False
True
The Royal Bank of Scotland is an example of a Service.
False
True
A Sole Trader is a business that is owned and controlled by one person.
Yes this is True
No this is False
In a Partnership, ownership and control of the business is shared between how many partners?
2 to 2,000
2 to 20
2 to 200
How many Factors of Production are there?
3
6
2
4
The Factors of Production are……
Capital
Entrepreneur
Enterprise
Labour
Land
How many Sectors of Industry are there?
3
7
4
5
The Sectors of Industry are…..
Secondary
Third
Primary
Tertiary
A business operating in the Secondary Sector provides a service.
Yes they do.
No they don't.
How many Sectors of the Economy are there?
1
3
4
2
The Sectors of Economy are.....
Public
Third
Private
Secondary
Which Sector of the Economy would Sole Traders, Partnerships and Private Limited Companies be found in?
Public
Private
Third
