Topic Two (1.2): Classification of Business
This topic looks at the different sectors in which businesses operate: the private and public sectors and the mixed economy.
Read
Read and work through pages 6 to 9 of your coursebook.
Interact
Watch and make notes on the following videos:
WATCH - Business Sectors (YouTube) Links to an external site.
WATCH - Private & Public Sectors (YouTube) Links to an external site.
Review
Make a table with three columns: Primary Sector, Secondary Sector and Tertiary Sector. Place each of the following in the correct column:
- coal mining
- banking
- plumbing
- gold mining
- food manufacturing
- public transport
- laundrette
- clothes manufacturing
- fishing
Now that we have looked at the classification of the different sectors, we can move on to looking at how and why businesses grow.