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    Worksheet On Classification of Businesses

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    Chikanma Okoisor
    The document discusses the classification of businesses in Country Y. The public sector, which is owned and controlled by the government, produces 35% of the total output, primarily in industries like manufacturing and construction. However, one minister claimed that the public sector is more efficient than private businesses. Other ministers disagree and want to privatize some state-owned businesses because private sector businesses produce 55% of the total output and may operate more effectively without political influence.

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    Worksheet On Classification of Businesses

    Uploaded by

    Chikanma Okoisor
    358 views1 page
    The document discusses the classification of businesses in Country Y. The public sector, which is owned and controlled by the government, produces 35% of the total output, primarily in industries like manufacturing and construction. However, one minister claimed that the public sector is more efficient than private businesses. Other ministers disagree and want to privatize some state-owned businesses because private sector businesses produce 55% of the total output and may operate more effectively without political influence.

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    Worksheet on classification of businesses

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    The document discusses the classification of businesses in Country Y. The public sector, which is owned and controlled by the government, produces 35% of the total output, primarily in industries like manufacturing and construction. However, one minister claimed that the public sector is more efficient than private businesses. Other ministers disagree and want to privatize some state-owned businesses because private sector businesses produce 55% of the total output and may operate more effectively without political influence.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    358 views1 page

    Worksheet On Classification of Businesses

    Uploaded by

    Chikanma Okoisor
    The document discusses the classification of businesses in Country Y. The public sector, which is owned and controlled by the government, produces 35% of the total output, primarily in industries like manufacturing and construction. However, one minister claimed that the public sector is more efficient than private businesses. Other ministers disagree and want to privatize some state-owned businesses because private sector businesses produce 55% of the total output and may operate more effectively without political influence.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Worksheet on classification of businesses

    The Government of Country Y owns and controls many businesses. ‘The


    public sector always produces goods and services more efficiently than
    privately owned businesses’ a Government minister recently said. Other
    ministers disagree and want to privatize many state-owned businesses. The
    private sector businesses in Country Y produce 55 percent of the total output-
    mainly in services such as transport, tourism and finance. The secondary
    sector of industry produces 35 percent of total output.
    Questions
    a. What is meant by ‘public sector’? is a part of the economy owned and
    contolled by the government. [2]

    b. Identify two industries in the secondary sector


    i.Manufacturing industry
    ii. Construction industry [2]

    c. Identify and explain two possible reasons why some ministers want to
    privatize some businesses in the public sector
    Identification
    i. The private sector produces goods and services more effectively
    than the public sector.1]
    Explanation
    . It would be more effective to be operating through private
    organizations and be away from political hierarchies.

    Identification
    The private sector has better facilities which would benefit the
    economy.
    Explanation
    it would initiate better management facilities with the specialized and
    technical workforce [2]

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