SOLE TRADER - Owned by one individual, PARTNERSHIP - Owned by 2 to 20 individuals, LIMITED COMPANY - Benefits from limited liability., PRIMARY - Extracts natural resources from the environment., SECONDARY - sector of industry that manufactures products, TERTIARY - service sector, QUATERNARY - Sector based on knowledge such as research., PUBLIC - Example - NHS, PRIVATE - Example - Tesco, THIRD - Example - Scouts,

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