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Unit 1.2

The document outlines the classification of businesses into private and public sectors, emphasizing the differences between private enterprise and public enterprise. It categorizes economic activities into primary, secondary, and tertiary sectors, explaining the roles of each in developed and developing economies. Additionally, it discusses the concept of mixed economies and the process of privatization of public sector enterprises.

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8 views11 pages

Unit 1.2

The document outlines the classification of businesses into private and public sectors, emphasizing the differences between private enterprise and public enterprise. It categorizes economic activities into primary, secondary, and tertiary sectors, explaining the roles of each in developed and developing economies. Additionally, it discusses the concept of mixed economies and the process of privatization of public sector enterprises.

Uploaded by

kaseraaarav85
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Resources

 [Link]

Sec 1.2- CLASSIFICATION


OF
BUSINESSES
Learning
Objectives:
• To know the difference between private enterprise and public
enterprise
• To identify and explain business activity in terms of primary,
secondary and tertiary sectors
• To know the reasons for the changing importance of business
classification - in developed and developing economy
• Classification of business enterprise into private sector and
public sector in a mixed economy
Classification of Business

01 ECONOMIC ACTIVITY 02
OWNERSHIP & CONTROL

EXTRACTING
PUBLIC
MANUFACTURING
PRIVATE
CONSTRUCTION
SERVICES
Classification of business – based on goods /
services they specialize in
PRIMARY SECONDARY TERTIARY

Secondary industries are those that take the raw materials produced by
the primary sector and process them into manufactured goods and
products. The tertiary sector is also called the service sector and
involves the selling of services and skills. They can also involve selling
What can you say about the following economies from the
given data?
Developed economies
Can you Developing or emerging
guess what economies
these terms Less developed economies
mean?
Let’s Newly industrialized
economies
discuss…
Deindustrialisation
Public sector organizations include:
• Local, regional and national government authorities
• Government agencies
• Public corporations
Identify the following enterprises as private or public sector
What is a
mixed
economy?
PRIVATISATION

IVATISATION –refers to selling away public sector enterprises to private sector fir
tra reading: [Link]
Resources:
 [Link]
 [Link]
 [Link]
e-workforce-across-economic-sectors-in-the-united-kingdom/
 [Link]
e-workforce-across-economic-sectors-in-india/
 [Link]
economic-sector-in-bangladesh/
THANK
YOU

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