Page 403 - Cambridge IGCSE Business Studies

IGCSE Business Studies Student CD-ROM

2 Classification of businesses

Business activities classified by sector

Classification of
business activity
by sector

Secondary sector − Tertiary sector −
Primary sector −
turns natural
extracts or harvests resources into finished provides services to
businesses and
natural resources
goods consumers

Businesses in a mixed economy

Mixed economy −
economies with both
private and public sectors

Public sector −
Private sector −
businesses owned and organisations owned by
run by private individuals the state and run by
government

Incorporated
Unincorporated
(unlimited liability) − sole (limited liability) − private
traders and partnerships and public limited
companies

Private sector organisations

Private sector
organisations

Private limited Public limited Social
Sole trader Partnership Franchises Joint ventures
company company enterprises

© Cambridge University Press 2014 IGCSE Business Studies Section 1 – Mind maps 2