Organisations of production
Organisations of production refer to the different ways economic activities and production processes are structured and coordinated in an economy. Here are the main types: Primary Organisations (Primary Sector) Involve extraction of natural resources. Examples: farming, fishing, mining, and forestry. Secondary Organisations (Secondary Sector) Involve manufacturing and industrial production. Examples: factories, construction companies, and textile industries. Tertiary Organisations (Tertiary Sector) Provide services rather than goods. Examples: transport companies, retailers, banks, and hospitals. Quaternary Organisations (Quaternary Sector) Involve knowledge-based services. Examples: research firms, IT services, education, and consultancy. Types of Ownership Private Sector: Owned by individuals or companies (e.g., Apple, Toyota). Public Sector: Owned by the government (e.g., NHS, public schools). Cooperatives: Owned and run by members (e.g., farming cooperatives). Non-profit Organisati...