Classify Business Enterprises Between Private Sector And Public Sector In A Mixed Economy
Muhtasari
Walk down any high street and you will pass two very different kinds of organisation. A privately owned bakery sits next to a state-run hospital; a family clothes shop trades a few doors from the government post office. They all produce goods or services, yet they answer to different owners, chase different goals and follow different rules. Sorting businesses into the private sector and the public sector is the first skill an examiner expects you to show.
In this lesson you will learn exactly what a mixed economy is, what puts a business in the private sector or the public sector, and how to classify real examples with confidence. By the end you will be able to look at any enterprise and place it on the right side of the line, and explain why it belongs there.
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- Classify business enterprises between private sector and public sector in a mixed economy
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- Which type of business is always in the public sector? A. a public limited company B. a state-owned hospital C. a sole trader D. a partnership Answer: B
- A mixed economy is one that has: A. only a private sector B. only a public sector C. both a private sector and a public sector D. no government at all Answer: C
- Selling a government-owned business to private owners is called: A. nationalisation B. privatisation C. integration D. liquidation Answer: B
- A public limited company is in the private sector because it is owned by: A. the government B. its shareholders C. the central bank D. local councils Answer: B
- Which is most likely to be found in the public sector? A. a corner clothes shop B. a national defence force C. a family farm D. a private taxi firm Answer: B
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Sehemu ya kitabu
How Business and Economics Work
What are the primary features of the world’s economic systems, and how are the three sectors of the U.S. economy linked?
"Introduction to Business: How Business and Economics Work" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/introduction-business/pages/1-3-how-business-and-economics-work. Access for free at https://openstax.org/books/introduction-business/pages/1-introduction
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