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Understand Business Markets Unit 5

Please can someone help. I have spent ages in reading about how to answer 1.1 Explain the characteristics of different business markets and I'm really confused. Is it about perfect and imperfect competion or primary, secondary and tertiary market sectors or do I write about the private, public and voluntary sectors.
Any help greatly appreciated.
Thanks, Julie
Reply 1
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Juno
20
Original post by JoolsJMack
Please can someone help. I have spent ages in reading about how to answer 1.1 Explain the characteristics of different business markets and I'm really confused. Is it about perfect and imperfect competion or primary, secondary and tertiary market sectors or do I write about the private, public and voluntary sectors.
Any help greatly appreciated.
Thanks, Julie


You need to write about private, public and voluntary and write about the characteristics of each. How are they owned, what is their purpose, how are they financed etc
Reply 2
Avatar for JoolsJMack
JoolsJMack
OP
4
Original post by Juno
You need to write about private, public and voluntary and write about the characteristics of each. How are they owned, what is their purpose, how are they financed etc


Brilliant, thanks for your help :smile:

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