3 Questions
Which sector of the economy is made up of organizations owned and run by private individuals or groups?
Secondary sector
What is the primary focus of the secondary sector of the economy?
Manufacturing and assembling goods
Which sector of the economy is responsible for extracting raw materials?
Primary sector
Study Notes
Sectors of the Economy
- The private sector is made up of organizations owned and run by private individuals or groups.
Secondary Sector
- The primary focus of the secondary sector is to transform raw materials into finished goods.
Primary Sector
- The primary sector is responsible for extracting raw materials.
Test your knowledge on business structures and economic sectors with this quiz. Learn about the different types of business structures based on size, finance requirements, and market type. Explore the three sectors of economic activity and discover which sector businesses typically operate in. Challenge yourself and enhance your understanding of these important concepts in the business world.
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