Private - As a sector of the economy it refers to businesses that are owned by individuals and companies for profit and not the government or charities, Public - This means the people as a whole. As a sector of the economy this would be businesses that are controlled / owned by the government., Charities - These are not-for-profit businesses that raise money for good causes., Primary - This means the earliest in time or order (first). In business this refers to a business in the first stage of industry that may farm, mine or extract commodities., Secondary - This refers to coming after first, or is less important. In business this refers to businesses that take on the next stage of production after the primary such as factories and manufacturing., Tertiary - This means third in order or level. This refers to the types of business that provide services to its consumers, including a wide range of businesses such as financial institutions, retail and restaurants., Quaternary - This means fourth in order or rank. In business it refers to businesses that provide information services, such as computing, ICT (information and communication technologies), consultancy (offering advice to businesses) and R&D (research, particularly in scientific fields)., Local - This refers to the scope of a business operations that are limited to providing goods or services to a nearby population or in a given geographic area., National - This refers to the scope of business operations that provide goods or services within the borders within a nation, for example within the UK, International - This refers to the trade of goods, services, across national borders between two or more countries., Micro - This means very small. In business it refers to the size of a business with less than 10 employees, Small - Bigger than micro in size, but it is not big. In business this would refer to a size of a business with between 10 – 50 employees., Medium - This means neither large nor small. In business this refers to a business that may have between 50 and 250 employees, Large - This is the biggest classification of the size of a business. This business would have more than 250 employees.,

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