sectors of economy

• the sectors of economy are private, public, and third/voluntary
• the private sector consists of privately owned businesses and organisations that are driven by profit motives
• The public sector comprises government-owned and controlled entities involved in delivering public goods and services. such as the NHS, Police Scotland
• The third sector, also known as the non-profit or voluntary sector, consists of organisations driven by social or environmental objectives rather than profit. such as charities or social enterprises
• the private sector is funded through private investment and profit, they can also use bank loans or grants
• the public sector is funded by taxation, and is run by the government
• the third/voluntary sector is funded mostly through donations and grants from charitable organisations