How many sectors of economy are there?

A sole trader operates in the...

The private sector is funded by tax

Unlimited liability affects what two types of businesses?

A private limited company is run by what...

The public sector aims to make good use of taxpayers’ money and provide the services needed.

What does a private limited company aim to do?

an economic model where the laws of supply and demand, not the government, determine what is produced, consumed, and the cost.

term used to describe the market/command blend of all modern world economies.