Business, 22.09.2021 14:00, devenairefp85xfg

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 per cent of total output - mainly in services such as transport, tourism and finance. The secondary sector of industry produces 35 per cent of total output. a) What is meant by public sector"? [2 marks]

b) Identify two industries in the secondary sector. [2 marks]

Industry 1:
Industry 2:

c) Identify and explain two reasons why the tertiary sector of industry is becoming more important in most economies. [4 marks]

Answers: 2

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The Government of Country Y owns and controls many businesses. "The public sector always produces go...