- Primary Sector
- Secondary Sector
- Tertiary Sector
- Quarternary Sector
Primary Sector is an extraction of raw materials from the Earth.
Secondary Sector is a processing of raw materials into finished orsemi-finished products.
Tertiary Sector is service industries.
Quarternary Sector is about health, education, research and leisure.
Multiple Business Activity involved in primary, secondary, tertiary and quarternary sectors.
Objectives of Private Sector Business Activity
- Profit
- Survival
- Share Price
- Social Issues
- Market Power
- Sales and Sales revenue
- Efficiency
- Quality and Innovation
- Image and Reputation
- Environment
Public Sector
Business Activity for Public Sector owned, financed and controlled by the state through government or local authorities, health trusts and public corporations.
Objectives of Public Sector Business Activity
- Access & Equity
- Quality
- Affordability
Range of Busines Offered by the Public Sector
- Museums and Arts
- Paths and Parks
- Environmental Health
- Cemeteries
- University
- Street Lighting
- Licensing
- Care of the Elderly
- Social Services
- Roads
- Waste Disposal
- Schools
- Economic Development and Tourism
- Trading Standards
At the end of this topic we understood the diference between a public sector organisation and a private sector organisation, the major objectives of business activity in the public sector and the major aims of business activity in the private sector.
