Economics GCSE
Private Sector
What Private Sector means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Private Sector
The part of the economy owned and run by private individuals and businesses, driven by the profit motive.
Topics that use Private Sector
- The mixed economy (Pearson Edexcel GCSE)
Related terms
Using Private Sector in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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