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  • Businesses: There Are 2 Sectors of The Economy

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    Matt William
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    Businesses aim to make a profit, maximize their market share by providing high quality products, and expand their operations while maintaining reasonable costs and satisfying customers. There are two sectors of the economy - private businesses that are owned by individuals and operated for their benefit, and public sector organizations like the government, military, and hospitals that are owned by the government.

    Original Description:

    summary

    Original Title

    Business Summ

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    Businesses aim to make a profit, maximize their market share by providing high quality products, and expand their operations while maintaining reasonable costs and satisfying customers. There are two sectors of the economy - private businesses that are owned by individuals and operated for their benefit, and public sector organizations like the government, military, and hospitals that are owned by the government.

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    © All Rights Reserved
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    15 views1 page

    Businesses: There Are 2 Sectors of The Economy

    Uploaded by

    Matt William
    Businesses aim to make a profit, maximize their market share by providing high quality products, and expand their operations while maintaining reasonable costs and satisfying customers. There are two sectors of the economy - private businesses that are owned by individuals and operated for their benefit, and public sector organizations like the government, military, and hospitals that are owned by the government.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Businesses

    They all have the same objectives


    1)
    2)
    3)
    4)
    5)
    6)
    7)

    Make a profit
    Try to be the biggest in the market
    High quality products
    Maximise profit
    Reasonable income
    Expanding business
    Satisfying customers

    There are 2 sectors of the economy


    Private & Public
    Public government owned (army, police, and hospitals)
    Private owned by private individuals these are run for the benefit of
    the individuals that own them.

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