Please enable JavaScript.
Coggle requires JavaScript to display documents.
Chapter 2 - Coggle Diagram
Chapter 2
private sector
owned and run by individuals
sole trader,partnership,Ltd,Plc
primary sector
extracting raw materials
secondary sector
manufacturing
tertiary sector
selling of good and services
chain of production
as a product passes through a chain of production value is added to it
local
customer is a short distance away
national
customers spread around the country
international
selling in different countries but based on 1 country
multinational
sell and are based in other countries
public good
would not be provided by by private sector businesses
merit good
government feel everyone should have
third sector
aims are social goals
social enterprise
a business that trades for a social and/or environmental purposes
public sector
owned by central or local government
a market is anywhere were buyers and sellers come together to transact with eachother