Learning objective

Differentiate between business entities in the private sector and those in the public sector within a mixed economy framework.

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Cambridge IGCSE Business StudiesUnderstanding business activity

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Differentiate between business entities in the private sector and those in the public sector within a mixed economy framework

This point belongs to Classification of businesses, especially Classification of businesses outcomes.
You need to be able to differentiate between business entities in the private sector and those in the public sector within a mixed economy framework.
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Key concepts

DefineIdentifyJustify

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Paper 1 structured question: Classification of businesses

Paper 1Short Answer and Data Response1 marks

Description

Business Sectors

In a mixed economy, businesses are categorized into private and public sectors. The private sector includes businesses owned by individuals or groups, while the public sector includes government-owned organizations.

a
State two examples of private sector businesses.
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Aim for approximately 1 distinct marking point.
[1]

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Related learning objectives

Understand the economic sectors categorized as primary, secondary, and tertiary, including examples to demonstrate this classification and the factors influencing the evolving significance of these sectors in both developed and developing economies.
Classification of businesses outcomes

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