True or False Sectors of Economy Quiz

There are two Sectors of Economy

• True

• False

Sole traders, partnerships and voluntary groups are all in the Prviate Sector

• True

• False

The main aim of organisations in the Private Sector is to maximise profits for their owners

• True

• False

The Prviate Sector is mainly funded through donations and fundraising activities.

• True

• False

The Public Sector includes organisations such as Inverclyde Council and the NHS

• True

• False

The Public Sector aims to provide a good service to the public and stay within their budget limits

• True

• False

The Third Sector types of organisations include charities, voluntary groups, social enterprise companies and Private Limited Companies.

• True

• False

The Third Sector types of organisations main aim is to make profits for their owners

• True

• False

The names given to owners of Private Sector organisations are Sole Traders, Partners or Shareholders

• True

• False

The Prviate Sector is owned by individuals or groups of indviduals

• True

• False