Learning objective

Categorize firms based on their sectors (primary, secondary, tertiary) and whether they are in the private or public sector, along with their relative sizes. Note that in-depth knowledge of various firm structures is not necessary.

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Exam focus

Cambridge IGCSE EconomicsSubject content

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Understand this objective

Quick explanation

This point belongs to Firms, especially Firms outcomes.
You need to be able to categorize firms based on their sectors (primary, secondary, tertiary) and whether they are in the private or public sector, along with their relative sizes. Note that in-depth knowledge of various firm structures is not necessary.
The key ideas to know are Define, Identify, and State.
Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.

Key concepts

DefineIdentifyState

Why it matters

This objective helps connect Firms outcomes to exam-style questions, flashcards, and revision notes for Firms.

Revision tools

Flashcards10 linked cards

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Practice Questions7 linked questions

Question 1 of 7

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Paper 2Structured Questions1 marks

Description

Firms can be categorized into three sectors: primary, secondary, and tertiary. They can also be classified as private or public sector.

a
State the three sectors of firms.
Your answer
Aim for approximately 1 distinct marking point.
[1]

Revision notestopic notes

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